India - Income Tax Act 2010 - Saarc

S. 197A I.T. ACT, 1961 1.76853[(2A) The Board may, having regard to the convenience of assessees and theinterests of revenue, by notification in the Official Gazette, make rules specifyingthe cases in which, and the circumstances under which, an application may bemade for the grant of a certificate under sub-section (1) and the conditionssubject to which such certificate may be granted and providing for all othermatters connected therewith.](3) 54 [***]55[No deduction to be made in certain cases.56197A. 57 (1) Notwithstanding anything contained in 58 [***] section 19459[***] 60 [or section 194EE], no deduction of tax shall be made under anyof the said sections in the case of an individual, who is resident in India, if suchindividual furnishes to the person responsible for paying any income of thenature referred to in 61 [***] section 194 62 [ 63 [***] or, as the case may be, section194EE], a declaration in writing in duplicate in the prescribed form and verifiedin the prescribed manner to the effect that 64 [the tax on his estimated totalincome of the previous year in which such income is to be included in computinghis total income will be nil.]65[(1A) Notwithstanding anything contained in 66 [section 193 or] section 194A orsection 194K, no deduction of tax shall be made under 67 [any] of the said sectionsin the case of a person (not being a company or a firm), if such person furnishesto the person responsible for paying any income of the nature referred to in66[section 193 or] section 194A or section 194K, as the case may be, a declarationin writing in duplicate in the prescribed form and verified in the prescribedmanner to the effect that the tax on his estimated total income of the previousyear in which such income is to be included in computing his total income willbe nil.]53. Inserted by the Finance Act, 1987, w.e.f. 1-6-1987.54. Sub-section (3) omitted by the Finance Act, 1986, w.e.f. 1-4-1987. Prior to its omission, subsection(3) was substituted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.55. Inserted by the Finance Act, 1982, w.e.f. 1-6-1982.56. See also Circular No. 351, dated 26-11-1982 and Circular No. 4/2002, dated 16-7-2002. Fordetails, see Taxmann’s Master Guide to Income-tax Act.57. See rule 29C and Form Nos. 15G and 15H.58. Words “section 193 or” omitted by the Finance Act, 1999, w.e.f. 1-6-1999.59. Words “or section 194A” omitted by the Finance Act, 1992, w.e.f. 1-6-1992.60. Inserted by the Finance (No. 2) Act, 1991, w.e.f. 1-10-1991.61. Words “or section 193 or” omitted by the Finance Act, 1999, w.e.f. 1-6-1999.62. Substituted for “or, as the case may be, section 194A” by the Finance (No. 2) Act, 1991, w.e.f.1-10-1991.63. Words “or section 194A” omitted by the Finance Act, 1992, w.e.f. 1-6-1992.64. Substituted for “his estimated total income of the previous year in which such income isto be included in computing his total income will be less than the minimum liable toincome-tax” by the Finance Act, 1990, w.e.f. 1-4-1990.65. Substituted by the Finance Act, 1995, w.e.f. 1-7-1995. Earlier sub-section (1A) was insertedby the Finance Act, 1992, w.e.f. 1-6-1992.66. Inserted by the Finance Act, 1999, w.e.f. 1-6-1999.67. Substituted for “either”, ibid.