TDS on remuneration or rewards paid for soliciting or procuring insurance business.

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Full Text of the Document

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....s section provides for deduction of I.T. at source from income by way of remuneration or reward in the form of commission or otherwise for soliciting or procuring insurance business. The Board have decided in consultation with the C & AG of India that the following minor and sub-heads of Accounts should be opened: III-CORPORATION TAX: Minor-head: Income-tax on companies(already existing) ....