Requirement of deduction of income-tax at source u/s. 193 of IT Act-Payment of income by way of interest on securities to Ramakrishna Math and Ramakrishna Mission whose income is exempt u/s. 10(23C)(iv) of the IT Act, 1961

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....) of the IT Act, 1961<br>745/1996 Dated:- 19-6-1996 Circular<br>Income Tax<br>Requirement of deduction of income-tax at source u/s. 193 of IT Act-Payment of income by way of interest on securities to ....

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.... income is exempt under clause (iv) of section 10(23C) of the Income-tax Act, 1961. 2. The matter has been examined by the Board and it has been decided that in the case of Ramakrishna Math and Ramak....