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Circular No. 540-Income Tax dated 24-7-1989

Circular: No. 540-Income Tax Reference is invited to this Department’s Circular No. 514, dated 31-5-1988 wherein the rates at which the deduction of in­come-tax was to be made during the financial year 1988-89 from payment of income by way of insurance commission under section 194D of the Income-tax Act, 1961 were intimated to you. There is no change in the rates of tax for the financial year 1989-90. For the
Categories: Income Tax
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