https://www.taxtmi.com/circulars?id=5031 Tax deduction at source on payments by way of insurance commission for residents is subject to prescribed rates with an additional surcharge; payments to non-residents are handled under separate withholding provisions. No deduction is required where annual aggregate commission does not exceed the small threshold. A resident may obtain a certificate for lower or nil deduction under the statutory procedure, and the payer must deposit deducted tax within prescribed time, issue Form No.16A, quote TAN and file annual return in Form No.26D, with statutory penalties and interest for noncompliance. en-us Thu, 14 Nov 1991 00:00:00 +0530 Fri, 08 Aug 2008 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5031 Tax deduction at source on payments by way of insurance commission for residents is subject to prescribed rates with an additional surcharge; payments to non-residents are handled under separate withholding provisions. No deduction is required where annual aggregate commission does not exceed the small threshold. A resident may obtain a certificate for lower or nil deduction under the statutory procedure, and the payer must deposit deducted tax within prescribed time, issue Form No.16A, quote TAN and file annual return in Form No.26D, with statutory penalties and interest for noncompliance. Circulars Income Tax Thu, 14 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5031