Instructions for deduction of tax at source from insurance commission, etc. – Rate of tax during the financial year 1993-94
Circular : No. 656, dated 26-8-1993.
1. Reference is invited to the Boardâs Circular No. 633, dated the 20th August, 1992 wherein the rates at which the deduction of income-tax at source was to be made during the financial year 1992-93, from payment of income by way of Insurance Commission, under section 194D of the Income-tax Act, 1961, were communicated.