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 1982-83
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Tax deduction at source on government securities: rates continue except where amended schedule provisions govern application. Tax deduction at source on interest paid on Government securities for the financial year 1982-83 continues at the rates previously prescribed by the Board's circular, except where Sub Paragraph I of Paragraph A of Part III of the First Schedule to the Finance Act has been amended; in those cases, deduction must be made in accordance with the annexed Sub Paragraph I. Treasury Officers and Sub Treasury Officers are to implement and individually notify concerned accounting and audit offices of these instructions.
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Tax deduction at source on government securities: rates continue except where amended schedule provisions govern application.
Tax deduction at source on interest paid on Government securities for the financial year 1982-83 continues at the rates previously prescribed by the Board's circular, except where Sub Paragraph I of Paragraph A of Part III of the First Schedule to the Finance Act has been amended; in those cases, deduction must be made in accordance with the annexed Sub Paragraph I. Treasury Officers and Sub Treasury Officers are to implement and individually notify concerned accounting and audit offices of these instructions.
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