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<h1>Income Tax Deduction for Insurance Commissions Unchanged for FY 1982-83 u/s 194D; Check Annex for Proposed Changes.</h1> The circular addresses the deduction of income tax at source under Section 194D of the Income-tax Act, 1961, specifically concerning insurance commission for the financial year 1982-83. It refers to a previous circular outlining the tax deduction rates for 1981-82, indicating that the Finance Bill, 1982, does not propose changes to these rates for 1982-83. However, modifications are proposed in a specific section of the Bill, with details annexed. Insurance companies are instructed to continue using the existing rates unless the proposed changes apply. Any uncertainties should be clarified with the relevant tax authorities.