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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Full Text of the Document

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....t 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 an ad hoc deduction for expenses, at the rate o....