https://www.taxtmi.com/circulars?id=4960 Amendments to Section 193 require tax withholding on interest on government securities at the earlier of credit or payment, with credits to interest or suspense accounts deemed as credit to the payee; the exemption ceiling for certain debenture interest paid to resident individuals is increased and surcharge on total income is raised, necessitating higher withholding. Deductors must issue prescribed TDS certificates, quote TAN, file annual returns of TDS on interest on securities in the prescribed form, and pay deducted sums to government within prescribed time, with penalties and prosecution for non-compliance. en-us Thu, 31 Aug 1989 00:00:00 +0530 Thu, 07 Aug 2008 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4960 Amendments to Section 193 require tax withholding on interest on government securities at the earlier of credit or payment, with credits to interest or suspense accounts deemed as credit to the payee; the exemption ceiling for certain debenture interest paid to resident individuals is increased and surcharge on total income is raised, necessitating higher withholding. Deductors must issue prescribed TDS certificates, quote TAN, file annual returns of TDS on interest on securities in the prescribed form, and pay deducted sums to government within prescribed time, with penalties and prosecution for non-compliance. Circulars Income Tax Thu, 31 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4960