Income-tax Act, 1961

Section - 204 - Meaning of “person responsible for paying”

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