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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 April 2017.


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