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The Central Government hereby specifies that no deduction of tax shall be made under section 194-I of the Income-tax Act on payment in the nature of lease rent or supplemental lease rent, as the case may be, made by a person (hereafter referred as ‘lessee’) to a person being a Unit located in International Financial Services Centre (hereinafter the ‘lessor’) for lease of an aircraft. This notification shall come into force from 01.07.2022, refer attachment for further details.