Deduction of tax at source-Section 193 read with section 197(1)/(2) of the Income-tax Act, 1961-Interest on Government securities-Rates of tax applicable during the year 1985-86

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..... ear 1985-86 Circular No.427 Dated 31/7/1985 From Shri B. Nagarajan, Secretary, Central Board of Direct Taxes. New Delhi. To All Accountants General & Comptrollers, Accountant General, Posts & Telegraphs, Simla, Deputy Accountant General, Posts & Telegraphs, Calcutta & Comptroller & Auditor General of India, New Delhi. Sir, Subject: Deduction of tax at source-Section 193 rea .....

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..... ular letter setting out the rates at which income-tax and surcharge should be deducted from such payments after March 31, 1985. You may please issue a circular on the basis of this draft to the Treasury Officers and Sub-Treasury Officers under your control individually with a view to ensuring that the provisions of the Act are strictly adhered to by them. Yours faithfully, (Sd.) B. Nagarajan Se .....

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