https://www.taxtmi.com/circulars?id=4893 Tax must be deducted at source on insurance commission at the rates in force for 1987-88, applying resident or domestic company rates and higher non-resident/foreign company rates under non-resident provisions; a statutory low-value annual threshold exempts certain payees from deduction. The Finance Act, 1987, requires deductors to obtain and quote a tax-deduction account number and complies with substituted return-filing obligations; payers should apply to the Income-tax Officer for allotment and follow amended withholding, certification and return procedures. en-us Tue, 16 Jun 1987 00:00:00 +0530 Mon, 04 Aug 2008 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4893 Tax must be deducted at source on insurance commission at the rates in force for 1987-88, applying resident or domestic company rates and higher non-resident/foreign company rates under non-resident provisions; a statutory low-value annual threshold exempts certain payees from deduction. The Finance Act, 1987, requires deductors to obtain and quote a tax-deduction account number and complies with substituted return-filing obligations; payers should apply to the Income-tax Officer for allotment and follow amended withholding, certification and return procedures. Circulars Income Tax Tue, 16 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4893