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of <h1>Tax Deduction Rates for Govt Securities Unchanged for 1980-81, Follow Finance Act 1979 Guidelines.</h1> The circular issued by the Department of Revenue informs all relevant accounting and treasury officials that the rate of tax deduction at source for interest on government securities for the financial year 1980-81 remains unchanged from the previous year, as per the Finance Act, 1980. Officials are instructed to continue applying the same rates as specified in Part III of the First Schedule to the Finance Act, 1979. The directive ensures consistency in tax deductions for the specified period.
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