1Notwithstanding anything contained in section 194-IA, any person responsible
for paying to a resident any sum by way of consideration, not being
consideration in kind, under the agreement referred to in sub-section (5A) of
section 45, shall at the time of credit of such sum 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 an amount equal to ten per cent. of
such sum as income-tax thereon.
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1. Ins. by s. 65, ibid. (w.e.f. 1-4-2017).
Section 194DA Payment in respect of life insurance policy
Section 194E Payments to non-resident sportsmen or sports associations
Section 194EE Payments in respect of deposits under National Savings Scheme, etc
Section 194F Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
Section 194G Commission, etc., on the sale of lottery tickets
Section 194H Commission or brokerage
Section 194IA Payment on transfer of certain immovable property other than agricultural land
Section 194IB Payment of rent by certain individuals or Hindu undivided family