Section 13. Mode of payment of tax on interest on securities

D 13. Mode of payment of tax on interest on securities. D.—Other Sources of Income. Ordinary Mode of Assessment and Collection. 14. Collector to determine persons chargeable. 15. Mode of making assessment. 16. List of incomes under two thousand rupees. 17. Notices to persons with incomes of two thousand rupees and upwards. 18. Power to modify ordinary procedure in special cases. 13. (1) The tax payable under Part III in respect of the interest on any of the securities mentioned in that Part shall, at the time when and place where any of the interest is paid, be deducted therefrom by the person empowered to pay the interest, and be paid by that person within the prescribed time to the credit of the Government of India or as the Governor General in Council directs. (2) If that person does not deduct and pay the tax as required by sub-section (1), he shall, without prejudice to any other consequences which he may incur, 1886.] License-tax Amendment. 33 (Chapter III.—Assessment and Collection.—Sections 14-16.) incur, be deemed to be personally in default in respect of the tax. D.—Other Sources of Income. Ordinary Mode of Assessment and Collection.