Balaji Exempted From TDS
IN exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, the Central Government has notified that no deduction of tax shall be made from payments of the nature specified in section 193 or section 194A or section 194-I of the Act to the Tirumala Tirupati Devasthanams, Tirupati, Andhra Pradesh.
197A (1F): -No deduction to be made in certain cases. (1F) Notwithstanding anything contained in this Chapter, no deduction of tax shall be made from such specified payment to such institution, association or body or class of institutions, associations or bodies as may be notified by the Central Government in the Official Gazette, in this behalf.
193 -Interest on securities: The person responsible for paying to a resident any income by way of interest on securities shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax at the rates in force on the amount of the interest payable:
194A -Interest other than interest on securities: Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of interest other than income by way of interest on securities, shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates in force:
194-I. Rent: Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of rent, shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon.
CBDT Notification No. 81/2016; Dated: September 9 2016