Payment under specified agreement.
Notwithstanding 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.Previous
Sec 194IB — Payment of rent by certain individuals or Hindu undivided family
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Sec 194J — [ Fees for professional or technical services. [Inserted by Act 22 of 1995, Section 36 (w.e.f. 1.7.1995).]
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