Income-tax Act, 1961
Section - 204 - Meaning of “person responsible for payingâ€
Meaning of "person responsible for paying".204. For the purposes of the foregoing provisions of this Chapter and section 285, the expression "person responsible for paying" means-
| (i) | - | in the case of payments of income chargeable under the head "Salaries", other than payments by the Central Government or the Government of a State, the employer himself or, if the employer is a company, the company itself, including the principal officer thereof; |
| (ii) | - | in the case of payments of income chargeable under the head "Interest on securities", other than payments made by or on behalf of the Central Government or the Government of a State, the local authority, corporation or company, including the principal officer thereof; |
| (iia) | - | in the case of any sum payable to a non-resident Indian, being any sum representing consideration for the transfer by him of any foreign exchange asset, which is not a short-term capital asset, the authorised person responsible for remitting such sum to the non-resident Indian or for crediting such sum to his Non-resident (External) Account mainta .... To read the full section download the app from Google Play store
24 October 2026
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