Liability of State Governments to pay income tax on interest from tax-free securities under a capped rate notified. Liability of State Governments to pay income-tax on interest on securities issued by them described as tax-free, subject to a ceiling that the applicable ... Summary
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Liability of State Governments to pay income tax on interest from tax-free securities under a capped rate notified.
Liability of State Governments to pay income-tax on interest on securities issued by them described as tax-free, subject to a ceiling that the applicable tax rate shall not exceed a notified cap, with the provision having been inserted by amendment and subsequently omitted in later legislation.
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