Deduction of income-tax at source-Section 194D of the Income-tax Act, 1961-Deduction from insurance commission, etc.-Rate of tax applicable during the financial year 1987-88-Levy of surcharge on income-tax-Regarding

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.... insurance commission, etc.-Rate of tax applicable during the financial year 1987-88-Levy of surcharge on income-tax-Regarding Circular No. 508 Dated 23/2/1988 To All Insurance Companies Sir, Subject:  Deduction of income-tax at source-Section 194D of the Income-tax Act, 1961-Deduction from insurance commission, etc.-Rate of tax applicable during the financial year 1987-88-L....

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....-tax. The levy of surcharge comes into force w.e.f. 16-12-1987. 3. The contents of this circular may be brought to the notice of all concerned. 4. If any assistance is required in this regard, the concerned Income-tax Officer or the Local Public Relations Officer of the Income-tax Department may be approached for the purpose.           &nb....

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....;                                                                  &nb....