https://www.taxtmi.com/circulars?id=10151 Applications for certificates under section 197(1)(a) for lower or nil tax deduction on insurance commission must be promptly decided and only issued after verifying the applicant is the real agent; certificates must be withheld if evidence indicates a benami or fictitious agent. Verification should confirm procurement of business and receipt/encashment of commission cheques and validate addresses, with special scrutiny for lady agents, staff agents, or relatives, and a list kept of suspected benami cases for further enquiries to identify the true recipient of commission. en-us Thu, 17 Jan 1974 00:00:00 +0530 Sat, 11 Jun 2011 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10151 Applications for certificates under section 197(1)(a) for lower or nil tax deduction on insurance commission must be promptly decided and only issued after verifying the applicant is the real agent; certificates must be withheld if evidence indicates a benami or fictitious agent. Verification should confirm procurement of business and receipt/encashment of commission cheques and validate addresses, with special scrutiny for lady agents, staff agents, or relatives, and a list kept of suspected benami cases for further enquiries to identify the true recipient of commission. Circulars Income Tax Thu, 17 Jan 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10151