Section – 204 - Definition of 'person responsible for paying' in case
of payments covered under sub-section (6) of section 195 -
The provision defines the meaning
of ‘person responsible for paying’ to include employer, company or its
principal officer or the payer. The section however does not provide who will
be the person responsible for paying in case of the requirement of submitting
information as required under section 195(6).
In order to clarify this, it is
provided that in the case of furnishing of information relating to payment to a
non resident other than a company or a foreign company, the person responsible
shall be the payer himself or, if the payer is a company, the company itself
including the principal officer thereof.
The amendment is effective from 1st