Deduction of tax at source-Income-tax deduction from salaries during the financial year 1984-85 under section 192 of the Income-tax Act, 1961-Regarding

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.... Circular No. 408 Dated 8/2/1985 From             Shri B. Nagarajan,             Secretary,             C.B.D.T. To             All State Governments (includin....

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....4th February, 1985*, has specified that the rate of interest for purposes of the said sub-clause shall be simple interest at the rate of 10% per annum. By another notification No. 91E (F. No. 133/162/84-TPL) dated 4th February, 1985*, a new rule, namely, rule 3A, has been inserted in the Income-tax Rules, 1962, laying down the manner in which the interest in respect of the loan referred to in sect....