Section 193 – Interest on securities

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....ome to the account of the payee or at the time of payment thereof, whichever is earlier, deduct income-tax at the rates in force on the amount of the interest payable. Currently there is no threshold for amount of income by way of interest for deduction of tax at source in this section. 2. Proviso to the section provides for non-deduction of tax at source in certain cases. Clause (v) of the provi....