Amendment of section 193.

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.... an individual or a Hindu undivided family, who is resident in India, on any debenture issued by a company in which the public are substantially interested, if-            (a) the amount of interest or, as the case may be, the aggregate amount of such interest paid or likely to be paid on such debenture during the financial year by the company t....

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....y to such individual does not exceed two thousand and five hundred rupees. It is proposed to substitute the aforesaid clause so as to provide that no deduction of income tax shall be made on any interest payable to an individual or a Hindu undivided family, who is resident in India, on any debenture issued by a company in which the public are substantially interested, if the interest is paid by th....