No TDS deduction on payments specified us 10(23DA)
MINSTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION No.46 /2016
INCOME-TAX
New Delhi, the 17th June, 2016
S.O. (E).-In exercise of the powers conferred by sub-section (1F) of section 197A of the Incometax Act, 1961 (43 of 1961) (hereinafter referred to as the said ‘Act’), the Central Government hereby notifies that no deduction of tax under Chapter XVII of the said Act shall be made on the payments of the nature specified in clause (23DA) of section 10 of the said Act received by any securitisation trust as defined in clause (d) of the Explanation to section 115TC of the said Act.
2. This notification shall come into force from the date of its publication in the Official Gazette.
[Notification No.46 /2016 F.No. 275/16/2016-IT(B)]
(Sandeep Singh)
Under Secretary to the Govt. of India
To The Manager,
Government of India Press,
Ring Road, Mayapuri,
New Delhi-110054
- Assessee developing infrastructure facility of Govt. not contractor for denying 80IA deduction
- Jurisdictional PCIT/CIT to condone delay in filing Form No. 10A for Registration u/s 12A
- AO not justified in making addition by adopting extrapolation without any material evidence
- Court can not sit over comparative financial attractiveness of rival offers decided by CoC
- When quantum appeal restored, penalty can’t be levied for non-payment of demand
 received by any securitisation trust){kind=link}