No TDS deduction on payments specified us 10(23DA)
MINSTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATIONÂ No.46 /2016
INCOME-TAXÂ
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
- Income Tax notice by process server held invalid for non acknowledgement/endorsement
- No income tax is payable on compensation on land acquired under NHAI Act 1956
- Documents filed on the day when assessment order passed are not additional evidence
- Addition of bogus purchases deleted as opportunity of cross examination not given
- GST Registration to be granted automatically and electronically within 3 Working Days
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