<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Notification for Non-Deduction of Tax at Source on Specified Payments to Units in International Financial Services Centres (IFSCs) under the provisions Income-tax Act, 2025</title>
    <link>https://www.taxtmi.com/notifications?id=146282</link>
    <description>Specified payments to eligible IFSC Units may be made without tax deduction at source where the unit claims the section 147 deduction and furnishes a verified Form No. 1(N) declaration. Covered receipts include interest, professional or technical fees, commissions, brokerage, dividends and specified financial-service fees. The payee must remain a registered IFSC Unit, satisfy the applicable regulatory requirements, and declare its opted twenty consecutive tax years. The payer may stop deduction only after receiving the declaration and must report the non-deducted payments in the prescribed tax-deduction statement.</description>
    <language>en-us</language>
    <pubDate>Fri, 10 Jul 2026 00:00:00 +0530</pubDate>
    <lastBuildDate>Wed, 05 Aug 2026 15:26:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=911243" rel="self" type="application/rss+xml"/>
    <item>
      <title>Notification for Non-Deduction of Tax at Source on Specified Payments to Units in International Financial Services Centres (IFSCs) under the provisions Income-tax Act, 2025</title>
      <link>https://www.taxtmi.com/notifications?id=146282</link>
      <description>Specified payments to eligible IFSC Units may be made without tax deduction at source where the unit claims the section 147 deduction and furnishes a verified Form No. 1(N) declaration. Covered receipts include interest, professional or technical fees, commissions, brokerage, dividends and specified financial-service fees. The payee must remain a registered IFSC Unit, satisfy the applicable regulatory requirements, and declare its opted twenty consecutive tax years. The payer may stop deduction only after receiving the declaration and must report the non-deducted payments in the prescribed tax-deduction statement.</description>
      <category>Notifications</category>
      <law>Income Tax</law>
      <pubDate>Fri, 10 Jul 2026 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146282</guid>
    </item>
  </channel>
</rss>