Deduction of income-tax at source from interest other than ``interest on securities''--Section 194A of the Income-tax Act, 1961--Deduction from interest on time deposits with banks--Clarification regarding

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..... --Deduction from interest on time deposits with banks--Clarification regarding Circular No. 626 Dated 12/2/1992 Please refer to Board's Circular No. 617, dated 22nd November,1991 (See [1991] 192 ITR (St.) 277), regarding deduction of tax at source from interest other than "Interest on securities" under section 194A of the Income-tax Act with particular reference to the new provisions .....

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..... l year exceeds the limit of Rs.2,500 which will determine the liability to deduct tax at source from payments made/credited after 1st October, 1991. (Sd.) V.K. Bhatia, Director, Central Board of Direct Taxes. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement .....

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