TaxTMI 
TaxTMI 
No TDS u/s 194I on payment in the nature of lease rent or supplemental lease rent to aunit of IFSC for lease of a ship.
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....S.O. 3451(E).- In exercise of the powers conferred by sub-section (1F) of section 197A read with clause (c) of sub-section (2) of section 80LA, of the Income-tax Act, 1961 (43 of 1961) (hereinafter the Income-tax Act), the Central Government hereby specifies that no deduction of tax shall be made under section 194-I of the Income-tax Act on payment in the nature of lease rent or supplemental lease....
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....ction 80LA of the Income-tax Act. (b) The lessee shall,- (i) not deduct tax on payment made or credited to lessor after the date of receipt of copy of statement- cum-declaration in Form No. 1 from the lessor; and (ii) also furnish the particulars of all the payments made to lessor on which tax has not been deducted in view of this notification in the statement of deduction of tax referred....
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....) shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies. Explanation: for the purpose of this notification- (a) 'ship' shall have the same meaning as assigned to it in clause (ii) of Explanation to clause (4F) of section 10 of the Income-tax Act; (b) 'International Financial Services Centre' shall have the same meaning as assigned to....
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....of India Act, 1992 (15 of 1992) or any other relevant law, as mentioned in sub-section (1A) of section 80LA of the Income tax Act, 1961. Statement-cum-Declaration I................................... son/daughter of.....................................in capacity......... ............................. , do hereby declare that the above-mentioned unit is engaged in the business of leasing of ....