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<h1>Procedures for Deducting Income Tax from Interest on Securities in FY 1991-92 u/s 193.</h1> The circular outlines the procedures for deducting income tax at source from interest on securities for the financial year 1991-92 under Section 193 of the Income-tax Act, 1961. It specifies that tax is to be deducted either at the time of crediting the interest to the payee's account or at payment, whichever is earlier. Exemptions apply for resident individuals with interest below Rs. 2,500 or those submitting Form No. 15F. It details the responsibilities of tax deductors, including timely payment to the government, issuing certificates in Form No. 16A, and maintaining compliance with TAN requirements. Penalties for non-compliance are also specified.