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Archive: 21 July 2003

Posts in 21 July 2003

Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

February 14, 2025 3609 Views 0 comment Print

Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.

Limit for payment of agency commission on exports-reg

July 21, 2003 31954 Views 0 comment Print

However, of late, instances have been noticed where the Indian exporters are paying agency commission much higher than the above limit, which in some cases has exceeded even 50% of the f.o.b. value. Doubts have arisen in the minds of the field officers whether in the wake of Circular No. 12, dated 9.9.2000, issued by the RBI, the limit of 12.5% of the f.o.b. value regarding payment of agency commission is superseded.

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