Which of the following statement is not correct

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Which of the following statement is not correct?

A. X is an individual assessee. He pays a monthly rent of portion of Rs. 10,000 pm. He cannot deduct tax at source

B. On salaries, tax is deducted at source according to provisions of Section 192

C. No tax is deducted at source in respect of interest on securities issued by a domestic company

D. Bank will deduct tax at source @ 10% if bank fixed deposit's interest credit is more than Rs. 10,000 in a year

Answer: Option C


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