Deduction of tax at source under section 193 read with section 197(1)/(2) of the Income-tax Act, 1961-Interest on Government Securities-Levy of surcharge on incomes-Regarding

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..... ncomes-Regarding Circular No. 506 Dated 22/2/1988 To All Accountants-General Comptrollers, Accountant-General, Post Telegraph, Simla, Deputy Accountant-General, Post Telegraph, Calcutta, Comptroller Auditor-General of India, New Delhi, Reserve Bank of India, Central Office, Bombay. Sir, Subject: Deducti .....

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..... a surcharge for the purpose of the Union calculated at the rate of 5% of such income-tax. The levy of surcharge comes into force with effect from 16-12-1987. 3. You are requested to issue necessary instructions immediately to all the Treasury Officers, Banks, etc., under your control for ensuring compliance with these instructions. 4. If any assistance is required in this regard, the concerne .....

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