Interest on Securities - (New) Section 92(2)(d) / (Old) Section 56(2)(id)

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Full Text of the Document

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....business or profession Meaning of Interest on securities [ Section 2(60) ] "Interest on securities" means- • (a) interest on any security of the Central Government or a State Government; • (b) interest on debentures or other securities for money issued by or on behalf of a local authority or a company or a corporation established by a Central Act or State Act or Pro....