Deduction for expenses on commission payable to agents appointed under the Standardised Agency System for Government securities and the agents of Post Office Time Deposits and Unit Trust of India

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....ernment securities and the agents of Post Office Time Deposits and Unit Trust of India Circular No. 594 Dated 27/2/1991 The agents of Standardised Agency System, Post Office Time Deposits and Unit Trust of India have drawn the attention of the Board to the fact that where no detailed accounts are maintained and the gross commission received by them is less than Rs.60,000, the benefit of a....

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....t the rate of 50% of the gross receipts of commission, be given to the authorised agents of the Unit Trust of India and the agents of the following securities:-- (1) National Savings Certificates VIII Issue; (2) Social Security Certificates; (3) Post Office Time Deposit Accounts; (4) Post Office Recurring Deposit Accounts; (5) National Savings Scheme, 1987; (6) Post Office Monthl....