Deduction of tax at source-Section 193 read with section 197(1)/(2) of the Income-tax Act, 1961-Interest on Govt. Securities-Rates of tax applicable during the financial year 1986-87

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....-Rates of tax applicable during the financial year 1986-87 Circular No.460 Dated 3/7/1986 From             B. Nagarajan,             Secretary,             Central Board of Direct Taxes. To    &nb....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....5 ITR (St.) 56 and Part I, Vol. 23, Sec. IV, Taxman, October, 1985, pages 77-80] on the above subject, wherein you were requested to issue necessary instructions for making deduction of income-tax at source from the payment of "Interest on Govt. Securities" at the rates prescribed therein for the financial year 1985-86. A draft Circular to be issued to all Treasury Officers, etc., by your office h....