https://www.taxtmi.com/circulars?id=5063 The difference between issue price and face value of Commercial Papers and Certificates of Deposit is to be treated as discount allowed and not as interest; therefore, the provisions relating to deduction of tax at source under section 194A are not applicable to transactions in these instruments. en-us Mon, 22 Mar 1993 00:00:00 +0530 Sat, 09 Aug 2008 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5063 The difference between issue price and face value of Commercial Papers and Certificates of Deposit is to be treated as discount allowed and not as interest; therefore, the provisions relating to deduction of tax at source under section 194A are not applicable to transactions in these instruments. Circulars Income Tax Mon, 22 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5063