https://www.taxtmi.com/circulars?id=52669 The circular mandates broker enrolment on business letterhead with code allocation by agency banks, assigns agency banks responsibility for appointed sub-agents and permits delisting of dormant brokers after notice. It prescribes a flat brokerage payable to registered brokers for Bond Ledger Account investments, disallows brokerage when the broker is an investor, and states that no tax is to be deducted at source on such brokerage. Agency banks must promptly settle brokerage claims and may use ECS for monthly payments; reimbursement is centrally processed with interim and final settlement tied to reporting. en-us Mon, 01 Jul 2013 00:00:00 +0530 Mon, 03 Feb 2014 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52669 The circular mandates broker enrolment on business letterhead with code allocation by agency banks, assigns agency banks responsibility for appointed sub-agents and permits delisting of dormant brokers after notice. It prescribes a flat brokerage payable to registered brokers for Bond Ledger Account investments, disallows brokerage when the broker is an investor, and states that no tax is to be deducted at source on such brokerage. Agency banks must promptly settle brokerage claims and may use ECS for monthly payments; reimbursement is centrally processed with interim and final settlement tied to reporting. Circulars Income Tax Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52669