Income-tax Act, 1961--Section 193 read with section 197(1)(2)--Interest on Government securities--Rates of tax applicable during the year 1978-79 as proposed in the Finance Bill, 1978 - Income Tax - 238/1978

Income-tax Act, 1961--Section 193 read with section 197(1)(2)--Interest on Government securities--Rates of tax applicable during the year 1978-79 as proposed in the Finance Bill, 1978 Circular No. 238 Dated 28/4/1978 From Shri S.R. Wadhwa, Deputy Secretary to the Government of India. To All Accountants General and Comptrollers, A.G. P T, Simla, D.A.G., P T, Calcutta and C AG, New Delhi. Sir, Subject: Income-tax Act, 1961--Section 193 read with section 197(1)(2)--Interest on Government securities--Rates of tax applicable during the year 1978-79 as proposed in the Finance Bill, 1978. In continuation of this Department's Circular No.228 (F.No.275/21/77-ITB) dated 14-7-77*, a copy of the draft circular letter setting out the rates at which income-tax and surcharge should be deducted from interest on Government securities after the 31st March, 1978, is forwarded herewith. 2. A circular on the basis of this draft may please be issued immediately to all Treasury Officers and Sub-Treasury Officers under your control individually. Yours faithfully, (Sd.) S.R. Wadhwa, Deputy Secretary to the Govt. of India. * See [1977] 109 ITR (St.) 90.