TDS Exemption for Aircraft Lease Rent to IFSC Units
The Central Board of Direct Taxes (CBDT) has released Notification No. 74/2026. This notification specifies that Tax Deducted at Source (TDS) will not be applicable on lease rent paid for aircraft. This provision is intended for payments made to units operating within International Financial Services Centres (IFSC) and falls under Section 147 of the Income-tax Act, 2025.
Original Link: https://www.incometax.gov.in/iec/foportal/sites/default/files/2026-07/ENnotification-no-74-2026.pdf
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