Tax deduction at source on insurance commission continues at prior year rates pending legislative update and further instructions. Deduction of income-tax at source under Section 194D applies to payments 'by way of insurance commission,' and withholding rates for the financial year are to remain the same as specified in Part II of the First Schedule to the Finance Act, 1976 until further directions; consult the Income-tax Officer in cases of doubt.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction at source on insurance commission continues at prior year rates pending legislative update and further instructions.
Deduction of income-tax at source under Section 194D applies to payments "by way of insurance commission," and withholding rates for the financial year are to remain the same as specified in Part II of the First Schedule to the Finance Act, 1976 until further directions; consult the Income-tax Officer in cases of doubt.
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