Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Guidelines for Income Tax Deduction on Insurance Commissions u/s 194D for 1978-79: Rates, Compliance & More.</h1> The circular addresses the deduction of income tax at source under Section 194D of the Income-tax Act, 1961, specifically concerning insurance commissions for the financial year 1978-79. It outlines the applicable tax rates for residents and non-residents, including companies, and provides detailed instructions on the deduction process, including the timing, payment, and reporting of tax deductions. The document specifies the forms required for compliance and mentions the possibility for commission recipients to apply for lower tax deduction rates. The circular emphasizes adherence to these guidelines and suggests consulting the Income-tax Officer in case of uncertainties.