https://www.taxtmi.com/circulars?id=9537 Where insurance agents do not maintain detailed expense accounts, an ad hoc allowance equal to 50 per cent of the year's commission is to be allowed for agents whose gross commission is below Rs.60,000, modifying the prior 40 per cent rule and extending the same treatment to authorised agents' commissions on Public Provident Fund deposits. en-us Fri, 06 Jan 1984 00:00:00 +0530 Mon, 06 Jun 2011 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9537 Where insurance agents do not maintain detailed expense accounts, an ad hoc allowance equal to 50 per cent of the year's commission is to be allowed for agents whose gross commission is below Rs.60,000, modifying the prior 40 per cent rule and extending the same treatment to authorised agents' commissions on Public Provident Fund deposits. Circulars Income Tax Fri, 06 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9537