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of <h1>Ad Hoc Deduction for Agents' Commission Now Includes New Savings Schemes, Extending 50% Deduction Benefits.</h1> The circular addresses the ad hoc deduction for agents' commission under the Standardised Agency System for Government securities and similar entities. Agents earning less than Rs. 60,000 in gross commission without detailed accounts can claim a 50% deduction on their gross receipts. Initially applicable to certain securities, the deduction now extends to agents of newly notified schemes, including National Savings Certificates VIII Issue, Post Office Time Deposit Accounts, and others. This decision follows the discontinuation of some securities and the introduction of new schemes, ensuring agents continue to benefit from the deduction.
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