Deduction of tax at source-Income-tax deduction from salaries during the financial year 1984-85 under section 192 of the Income-tax Act, 1961-Regarding

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..... Shri B. Nagarajan, Secretary, C.B.D.T. To All State Governments (including Admn. of Union Territories). Subject: Deduction of tax at source-Income-tax deduction from salaries during the financial year 1984-85 under section 192 of the Income-tax Act, 1961-Regarding. Sir, I am directed to refer to this Ministry's Circular No. 388 (F. No. 275/13/84-ITB) dated 16th July, 1984 [printed at [ .....

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..... anner in which the interest in respect of the loan referred to in section 17(2)(vi) of the Income-tax Act, 1961, shall be calculated. The said rule 3A, provides that interest for the purposes of the said section shall be calculated at the rate specified by the Central Government on the amount of loan remaining outstanding as on the last date of each month falling in the previous year. For the purp .....

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