Income-tax Act, 1961--Section 193 read with section 197(1)(2)--Interest on Government securities--Rates of tax applicable during the year 1978-79 as proposed in the Finance Bill, 1978
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Tax deduction on government securities interest: prescribed withholding rates to be issued to treasuries for immediate implementation. Rates for deduction of tax and surcharge from interest on Government securities are prescribed under Section 193 read with Section 197(1)(2) and a draft ... Summary
Tax deduction on government securities interest: prescribed withholding rates to be issued to treasuries for immediate implementation.
Rates for deduction of tax and surcharge from interest on Government securities are prescribed under Section 193 read with Section 197(1)(2) and a draft circular sets out the withholding rates to be applied to interest paid on Government securities, to be communicated immediately by Accountants General to Treasury Officers and Sub Treasury Officers for uniform implementation.
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