Deduction for expenses on commission payable to agents appointed under the Standardised Agency System for Government securities and the agents of Post Office Time Deposits and Unit Trust of India https://www.taxtmi.com/circulars?id=5011 The Board permits an ad hoc deduction at the rate of 50% of gross commission receipts to authorised agents of the Unit Trust of India and agents for specified national savings and post office schemes where detailed accounts are not maintained and gross commission is below the notified threshold. The deduction applies to National Savings Certificates VIII Issue; Social Security Certificates; Post Office Time Deposit and Recurring Deposit Accounts; National Savings Scheme 1987; Post Office Monthly Income Account Scheme; Kisan Vikas Patra; Public Provident Fund Accounts; and the Deposit Scheme for Retiring Government Employees 1989. en-us Wed, 27 Feb 1991 00:00:00 +0530 Fri, 08 Aug 2008 14:44:00 +0530 TaxTMI RSS Generator Deduction for expenses on commission payable to agents appointed under the Standardised Agency System for Government securities and the agents of Post Office Time Deposits and Unit Trust of India https://www.taxtmi.com/circulars?id=5011 The Board permits an ad hoc deduction at the rate of 50% of gross commission receipts to authorised agents of the Unit Trust of India and agents for specified national savings and post office schemes where detailed accounts are not maintained and gross commission is below the notified threshold. The deduction applies to National Savings Certificates VIII Issue; Social Security Certificates; Post Office Time Deposit and Recurring Deposit Accounts; National Savings Scheme 1987; Post Office Monthly Income Account Scheme; Kisan Vikas Patra; Public Provident Fund Accounts; and the Deposit Scheme for Retiring Government Employees 1989. Circulars Income Tax Wed, 27 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5011