Whether, at the time of deducting tax from insurance commission credited to agent's account, adjustment for debits made earlier is permissible

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....sed whether at the time of deducting tax from the insurance commission credited to an agent's account adjustment for the debits made earlier is permissible or not. At the time a proposal is brought by an agent, his account is credited with the appropriate amount of commission. It may happen after some time that a portion of the premium paid earlier is refunded to the insurer. At the time of making....