https://www.taxtmi.com/circulars?id=4916 Rates for deduction of tax at source on interest (other than interest on securities) are in Part II of the First Schedule to the Finance Act, 1987 and deductions are subject to statutory exemptions. The Finance (Amendment) Act, 1987 immediately amended the Schedule to require that income-tax computed under those rates be increased by a surcharge of five percent of such income-tax, with the surcharge effective 16-12-1987; taxpayers and withholding agents are to be informed and may seek assistance from Income-tax Officers or Local Public Relations Officers. en-us Tue, 23 Feb 1988 00:00:00 +0530 Mon, 04 Aug 2008 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4916 Rates for deduction of tax at source on interest (other than interest on securities) are in Part II of the First Schedule to the Finance Act, 1987 and deductions are subject to statutory exemptions. The Finance (Amendment) Act, 1987 immediately amended the Schedule to require that income-tax computed under those rates be increased by a surcharge of five percent of such income-tax, with the surcharge effective 16-12-1987; taxpayers and withholding agents are to be informed and may seek assistance from Income-tax Officers or Local Public Relations Officers. Circulars Income Tax Tue, 23 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4916