Adhoc deduction for insurance agents

This query is : Resolved 

25 February 2014 Whether adhoc deduction(ref:circular u/s 57) in respect of commission received by insurance agent is available only to LIC agent or all life insurance agents?

25 February 2014 It is applicable only to agents of LIC and NOT to other life insurance agents.

25 February 2014 Yes, circular 648 dated 30.3.1993 is applicable only to insurance agents of LIC.




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