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Income-tax Act, 1961-Section 193 read with section 197(1)/(2)-Interest on Government securities-Rates of tax applicable during the year 1977-78 as proposed in the Finance (No.2) Bill, 1977
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Tax deduction on government securities: draft withholding rates and surcharge to apply to interest payments after the specified change. Draft instructions transmit proposed rates for income tax and surcharge to be deducted from interest on Government securities under the tax deduction provisions; Accountants General are directed to issue the draft circular immediately to Treasury and Sub Treasury Officers so deductions are applied at the prescribed rates on subsequent interest payments.
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 on government securities: draft withholding rates and surcharge to apply to interest payments after the specified change.
Draft instructions transmit proposed rates for income tax and surcharge to be deducted from interest on Government securities under the tax deduction provisions; Accountants General are directed to issue the draft circular immediately to Treasury and Sub Treasury Officers so deductions are applied at the prescribed rates on subsequent interest payments.
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