https://www.taxtmi.com/circulars?id=4464 Deduct income-tax and surcharge at source from interest on Government securities in 1971-72 at specified differentiated rates by payee status and security type; accept and apply exemption or abatement certificates under section 197, and obey statutory exemptions (including specified Defence Loans, Gold Bonds and National Savings Certificates and exempt corporations) and resident-individual declaration conditions to avoid deduction. Round tax to the nearest rupee per the rounding rule and consult Income-tax Officers in case of doubt. Continue prior-year rates until the Finance Bill is enacted. en-us Thu, 03 Jun 1971 00:00:00 +0530 Tue, 29 Jul 2008 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4464 Deduct income-tax and surcharge at source from interest on Government securities in 1971-72 at specified differentiated rates by payee status and security type; accept and apply exemption or abatement certificates under section 197, and obey statutory exemptions (including specified Defence Loans, Gold Bonds and National Savings Certificates and exempt corporations) and resident-individual declaration conditions to avoid deduction. Round tax to the nearest rupee per the rounding rule and consult Income-tax Officers in case of doubt. Continue prior-year rates until the Finance Bill is enacted. Circulars Income Tax Thu, 03 Jun 1971 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4464