Exemption to persons responsible for paying any income by way of commission or brokerage to commission agents or dealers in food-grain trade - S.O.174(E) - Income Tax

Exemption to persons responsible for paying any income by way of commission or brokerage to commission agents or dealers in food-grain trade NOTIFICATION NO. S.O.174 ( E ) DATED 3-3-1992 The Central Government, having regard to the extent of inconvenience likely to be caused to the commission agents and dealers in foodgrain trade, being residents, and being satisfied that it will not be prejudicial to the interests of the Revenue, in exercise of the powers conferred by clause ( a ) of sub-section (2) of section 194H of the Income-tax Act, 1961 (43 of 1961), hereby exempts the persons responsible for paying any income by way of commission or brokerage (hereinafter referred to as the said persons ) to commission agents or dealers in foodgrains trade, subject to the following conditions, namely :-- ( i ) the commission agents or dealers furnish their Permanent Account Number (PAN) to the said persons ; ( ii ) the said persons furnish a list of commission agents or dealers, in whose cases tax has not been deducted at source, along with their addresses and the amount of commission or brokerage paid in each case during the financial year to the Commissioner of Income-tax concerned within two months of the end of that financial year. 2. This notification will remain in force up to the 30th day of September, 1992. [Notification No. 9007/F. No. 275/13/92-IT(B)]