Tax deduction exemption for interest on specified government bonds where held by resident individuals, subject to a declaration for gold bonds. Adds a proviso to section 193 that no tax shall be deducted at source from interest on specified National Defence Bonds and Gold Bonds when held by a resident individual. For Gold Bonds the holder must provide a written declaration to the payer that the total nominal value of Gold Bonds held by him, including those held on his behalf by others, did not exceed the prescribed monetary threshold during the period to which the interest relates.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction exemption for interest on specified government bonds where held by resident individuals, subject to a declaration for gold bonds.
Adds a proviso to section 193 that no tax shall be deducted at source from interest on specified National Defence Bonds and Gold Bonds when held by a resident individual. For Gold Bonds the holder must provide a written declaration to the payer that the total nominal value of Gold Bonds held by him, including those held on his behalf by others, did not exceed the prescribed monetary threshold during the period to which the interest relates.
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