https://www.taxtmi.com/circulars?id=10467 The present section 2(7) of the Interest-tax Act adopts a broader definition of interest and does not retain the former explicit exclusion for amounts chargeable under the Income-tax Act as 'Interest on Securities'; accordingly interest on debentures, bonds and securities is exigible to interest-tax and officers must apply this construction in their jurisdictions. en-us Tue, 14 Mar 1995 00:00:00 +0530 Tue, 14 Jun 2011 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10467 The present section 2(7) of the Interest-tax Act adopts a broader definition of interest and does not retain the former explicit exclusion for amounts chargeable under the Income-tax Act as 'Interest on Securities'; accordingly interest on debentures, bonds and securities is exigible to interest-tax and officers must apply this construction in their jurisdictions. Circulars Income Tax Tue, 14 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10467