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    <title>Deduction of income-tax at source-Section 194D of the Income-tax Act, 1961-Deduction from insurance commission, etc.-Rate of tax applicable during the financial year 1987-88-Levy of surcharge on income-tax-Regarding</title>
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    <description>Deduction of income-tax at source under Section 194D on insurance commission for 1987-88 must use the rates notified earlier, but the income-tax so computed shall be increased by a surcharge for Union purposes at the rate prescribed by the Finance (Amendment) Act, 1987, the levy of which is effective from 16 December 1987; insurers are directed to apply withholding inclusive of this surcharge and to notify all concerned, seeking departmental assistance if required.</description>
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      <description>Deduction of income-tax at source under Section 194D on insurance commission for 1987-88 must use the rates notified earlier, but the income-tax so computed shall be increased by a surcharge for Union purposes at the rate prescribed by the Finance (Amendment) Act, 1987, the levy of which is effective from 16 December 1987; insurers are directed to apply withholding inclusive of this surcharge and to notify all concerned, seeking departmental assistance if required.</description>
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