Deduction of tax at source--Section 193 read with section 197(1)/(2) of the Income-tax Act, 1961--Interest on Government securities--Rates of tax, applicable during the year 1981-82
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Tax deduction at source on interest on government securities: prescribed deduction rates under the Finance Bill require immediate implementation. The circular transmits draft rates prescribed in the Finance Bill for deduction of income-tax and surcharge from interest on government securities and ... Summary
Tax deduction at source on interest on government securities: prescribed deduction rates under the Finance Bill require immediate implementation.
The circular transmits draft rates prescribed in the Finance Bill for deduction of income-tax and surcharge from interest on government securities and directs immediate issuance of the circular to all Treasury Officers and Sub Treasury Officers so that those prescribed rates are applied to such interest.
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