67[Payment under specified agreement.194-IC.
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.]