https://www.taxtmi.com/circulars?id=4600 Deduction of income-tax at source from payments by way of insurance commission is mandated under Section 194D, with rates for the financial year prescribed by the Finance Act. Deduction is to be made at the earlier of credit or payment and applies to amounts credited or paid after 31 May 1973. Payers must remit tax deducted promptly to Government accounts, apply rounding rules, refrain from adjusting current deductions for earlier excess credits, permit recipients to obtain certificates for lower or nil deduction, issue prescribed deduction certificates, and file quarterly and annual statements in prescribed forms. en-us Fri, 25 Jun 1976 00:00:00 +0530 Thu, 31 Jul 2008 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4600 Deduction of income-tax at source from payments by way of insurance commission is mandated under Section 194D, with rates for the financial year prescribed by the Finance Act. Deduction is to be made at the earlier of credit or payment and applies to amounts credited or paid after 31 May 1973. Payers must remit tax deducted promptly to Government accounts, apply rounding rules, refrain from adjusting current deductions for earlier excess credits, permit recipients to obtain certificates for lower or nil deduction, issue prescribed deduction certificates, and file quarterly and annual statements in prescribed forms. Circulars Income Tax Fri, 25 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4600