Deduction of tax at source-Section 193 read with section 197(1)/(2) of the Income-tax Act, 1961-Interest on Government securities-Rates of tax applicable during the year 1985-86

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....es-Rates of tax applicable during the year 1985-86 Circular No.427 Dated 31/7/1985 From             Shri B. Nagarajan,             Secretary,             Central Board of Direct Taxes.     &nbsp....

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....5-86. I am directed to invite a reference to the Board's Circular No. 393 [F. No. 275/14/84-IT (B)] dated the September 5, 1984, [printed in [1985] 155 ITR (St.) 51, (supra)] wherein your were requested to issue necessary instructions for making deduction of income-tax at source from the payments of "Interest on Government securities" a prescribed in the Finance Act, 1983, as modified by the Fi....