Deduction of tax at source under section 194 of the Income-tax Act, 1961-Deduction from dividend income-Rate of tax applicable during the financial year 1987-88-Levy of surcharge on income-tax-Regarding

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....e-Rate of tax applicable during the  financial year 1987-88-Levy of surcharge on income-tax-Regarding Circular No. 509 Dated 23/2/1988 To All Chambers of Commerce, etc. Sir, Subject:  Deduction of tax at source under section 194 of the Income-tax Act, 1961-Deduction from dividend income-Rate of tax applicable during the  financial year 1987-88-Levy of surcharge on ....

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....any in which the public are substantially interested if the dividend is paid by an account payee cheque and the aggregate of the amounts of such dividends distributed or paid or likely to be distributed or paid during the financial year by the company to the shareholder does not exceed Rs. 2,500. 2. It is brought to your notice that, vide section 3 of the Finance (Amendment) Act, 1987 (No. 46 o....

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....xander,                                                                 &nbsp....