https://www.taxtmi.com/acts?id=7031 Interest on Social Security Certificates is taxable under the Income-tax Act on the basis of the annual accrual specified in rule 16, but no tax is to be deducted at the time of payment of the discharge value; amounts payable to a nominee or legal heir under rule 18(1) are not liable to such tax. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 22 Jan 2026 18:10:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7031 Interest on Social Security Certificates is taxable under the Income-tax Act on the basis of the annual accrual specified in rule 16, but no tax is to be deducted at the time of payment of the discharge value; amounts payable to a nominee or legal heir under rule 18(1) are not liable to such tax. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7031