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
- Disallowance of a deduction does not automatically lead to misreporting of income
- After holding cash receipts/payments as unexplained, ad-hoc addition can not be made – HC
- Dividing total turnover by 365 days to arrive at daily cash sale is based on conjectures and surmises
- NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm
- Sibsagar University invites EoI for Appointment of Internal Auditor for 01.08.2024 to 31.03.2026.
 received by any securitisation trust){kind=link}