https://www.taxtmi.com/circulars?id=10277 ITOs must deduct tax at source on interest payments, deposit the tax to the Central Government account, prepare two refund orders (net refund to the assessee and a refund order in favour of the Income-tax Department to be forwarded to the Reserve Bank or State Bank of India with a covering letter and challan), and issue the prescribed certificate of tax deducted at source; the procedure applies mutatis mutandis to withholding on interest to non-residents. en-us Mon, 11 Nov 1974 00:00:00 +0530 Mon, 13 Jun 2011 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10277 ITOs must deduct tax at source on interest payments, deposit the tax to the Central Government account, prepare two refund orders (net refund to the assessee and a refund order in favour of the Income-tax Department to be forwarded to the Reserve Bank or State Bank of India with a covering letter and challan), and issue the prescribed certificate of tax deducted at source; the procedure applies mutatis mutandis to withholding on interest to non-residents. Circulars Income Tax Mon, 11 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10277