Instructions for deduction of tax at source from interest other than interest on securities during financial year 1975-76 at the rates specified in Part II of First Schedule to Finance Act, 1975

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..... 75-76 at the rates specified in Part II of First Schedule to Finance Act, 1975 1. Under section 194A any person not being an individual or a Hindu undivided family, paying to a resident, any income by way of interest (other than interest on securities) is required, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or .....

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..... inancial year 1975-76 as prescribed in Part II of the First Schedule to the Finance Act, 1975 are as follows : Income-tax Surcharge I. In the case of a person other than a company 10 per cent Nil II. In the case of a company— (a) where the company is a domestic company 20 per cent 1 per cent (b) where the company is not a domestic company 70 per cent 3.5 per cent 3. Under section 19 .....

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