Ministry of Finance Department of Revenue Central Board of Direct Taxes

Notification u/s 197A of the Income Tax Act, 1961

Issue Date: 04 April 2025 Published: 04 April 2025

Gazette ID: CG-DL-E-04042025-262293 Download PDF

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Core Purpose

Specifies no tax deduction under section 194EE of the Income-tax Act, 1961 for payments under section 80CCA(2)(a) withdrawn by individual assessees from notification date.

Detailed Summary

The Central Government, exercising powers under section 197A(1F) of the Income-tax Act, 1961, hereby notifies that no tax deduction under section 194EE of the Act shall be made on payments referred to in clause (a) of sub-section (2) of section 80CCA. This applies to amounts withdrawn by an assessee being an individual, on or after the date of publication of this notification in the Official Gazette. This notification is issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, dated April 4, 2025.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-04042025-262293 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1596] NEW DELHI, FRIDAY, APRIL 4, 2025/CHAITRA 14, 1947 THE GAZETTE OF INDIA : EXTRAORDINARY MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th April, 2025 No. 27/2025 (INCOME-TAX) S.O. 1615(E). In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies that no deduction of tax shall be made under section 194EE of the Act on payment of amount referred to in clause (a) of sub-section (2) of section 80CCA, which is withdrawn by an assessee being an individual, on or after the date of publication of this notification in the Official Gazette. [F. No. 370142/13/2025-TPL] SURBENDU THAKUR, Under Secy. (Tax Policy and Legislation)

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