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<h1>Exemption from TDS on Interest for Certain Organizations u/s 193 & 10(23C)(iv) of Income-tax Act.</h1> The circular addresses the exemption from the requirement of deducting income tax at source under section 193 of the Income-tax Act for payments of interest on securities to certain organizations whose income is exempt under section 10(23C)(iv) of the Act. The Board has decided that interest income from Central and State Government securities can be paid to these organizations without tax deduction at source. This exemption applies to the specified organizations from the current financial year.