Amendment of section 193.

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Full Text of the Document

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....oviso, in clause (v), in sub-clause (a), for the words "five thousand rupees", the words "ten thousand rupees" shall be substituted. - Clause 51 of the Bill seeks to amend section 193 of the Income-tax Act relating to interest on securities. The said section, inter alia, provides that the person responsible for paying to a resident any income by way of interest on securities shal....