CBDT Circular on Procedure for deduction of tax at source from interest on securities registered in the name of bank on behalf of its constituents

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Procedure for deduction of tax at source from interest on securities registered in the name of bank on behalf of its constituents In the Reserve Bank ofIndia Circular No. CO Dt. Admn. 6/59/1633, dated 6-5-1959 [Clarification 3], instructions have been given to the various Public Debt Offices that when a bank gives a declaration that certain securities are…

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