TaxTMI 
TaxTMI 
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 1987-88
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....-Rates of tax applicable during the year 1987-88 Circular No. 486 Dated 1/6/1987 From Shri B. Nagarajan, Director, Central Board of Direct Taxes. To All Accountants General & Comptrollers, Accountant General, Post & Telegraph, Simla, Deputy Accountant General, Post & Telegraph, Calcutta and Comptroller & Auditor General of India, New Delhi. Sir, Subject: ....
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....a copy of the draft circular letter setting out the rates at which income-tax should be deducted from such payments after 31st March, 1987 You may please issue the circular on the basis of this draft to all Treasury Officers and Sub-Treasury Officers under your control individually, with a view to ensuring that the provisions of the Act are strictly adhered to by them. 3. It may be mentioned th....
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....ions of section 203; (c) in all the returns delivered in accordance with the provisions of sections 206, 206A and 206B to any income-tax authority; and (d) in all other documents pertaining to such transactions as may be prescribed in the interests of revenue." It may be pointed out that if a person fails to comply with the provisions of section 203A, he shall on an order passed by Income....
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....escribed income-tax authority, such returns in such form and verified in such manner and setting forth such particulars as may be prescribed." 5. A separate circular will be issued to prescribe the time for filing an application for allotment of tax deduction account number under section 203A, to prescribe the income-tax authority to whom the returns, etc., under section 206 are to be submitted....