Requirement of deduction of income-tax at source u/s. 193 of the IT Act-Payment of income by way of interest on securities to PFs established under a scheme under EPF and Miscellaneous Provisions Act, 1952, whose income is exempt u/s. 10(25)(ii) of the IT Act, 1961

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.... of income by way of interest on securities to PFs established under a scheme under EPF and Miscellaneous Provisions Act, 1952, whose income is exempt u/s. 10(25)(ii) of the IT Act, 1961 Circular No. 741 Dated 18/4/1996 Representations have been received for grant of exemption from the requirement of deduction of income-tax at source under section 193 of the Income-tax Act on the payment of inc....