CBDT notified regarding the exemption of the Tax Deduction under Specific Provisions of the Income-tax Act

Mar 11, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Direct taxes (CBDT) on March 07, 2024, issued a notification regarding  the exemption of the Tax Deduction under Specific Provisions of the Income-tax Act

This shall come into force on April 01, 2024

The following has been stated namely: -

• It states that no deduction of tax shall be made under the provision of the Income-tax Act as specified in the Table

• Form 1 specifies the details To be furnished by a Unit of International Financial Services Centre (‘payee’) to the ‘payer’

 

[Notification No. S.O. 1135(E)]

 

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