Deduction of tax at source-Section 193 read with section 197(1)/(2) of the Income-tax Act, 1961-Interest on Govt. Securities-Rates of tax applicable during the financial year 1986-87
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Deduction of tax at source on interest for government securities continues at prior rates; surcharge references removed. Deduction of tax at source on interest on government securities is to be made at the same basic rates as previously communicated, with the Finance Act, ... Summary
Deduction of tax at source on interest for government securities continues at prior rates; surcharge references removed.
Deduction of tax at source on interest on government securities is to be made at the same basic rates as previously communicated, with the Finance Act, 1986 removing references to surcharge; Accountants General and treasury officers are instructed to issue revised circulars to Treasury and Sub Treasury Officers deleting surcharge references and making necessary year corrections.
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