https://www.taxtmi.com/acts?id=45979 Section 194A requires any person other than an individual or HUF who pays interest other than interest on securities to deduct tax at source at the time of credit or payment, unless the payee (not being a company or registered firm) furnishes an affidavit or prescribed written statement declaring estimated income below the taxable minimum; that statement must be verified, signed before and attested by a Gazetted Officer. Specified small payments, pre-existing payments, and payments to certain banking, financial, insurance and notified institutions are exempted. Consequential amendments update cross-references, certificate obligations and add an annual return requirement under section 206A. en-us Mon, 09 Dec 2024 22:04:56 +0530 Mon, 09 Dec 2024 22:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45979 Section 194A requires any person other than an individual or HUF who pays interest other than interest on securities to deduct tax at source at the time of credit or payment, unless the payee (not being a company or registered firm) furnishes an affidavit or prescribed written statement declaring estimated income below the taxable minimum; that statement must be verified, signed before and attested by a Gazetted Officer. Specified small payments, pre-existing payments, and payments to certain banking, financial, insurance and notified institutions are exempted. Consequential amendments update cross-references, certificate obligations and add an annual return requirement under section 206A. Act-Rules F. Acts / Amendment Acts Mon, 09 Dec 2024 22:04:56 +0530 https://www.taxtmi.com/acts?id=45979