Person responsible for paying taxes deducted at source [Section 204] | AY 2019-20 onwards
Last udpated: Jan. 15, 2019, 2:01 p.m.For purposes of deduction of tax at source the expression “person responsible for paying” means:
| S No | Nature of Income/Payment | Person Responsible for Paying Tax |
| 1 | Salary (other than payment of salaries by the Central or State Government) | i) the employer himself; or ii) if the employer is a company, the company itself, including the principal officer thereof. |
| 2 | Interest on securities (other than payments by or on behalf of the Central or State Government) | the local authority, corporation or company, including the principal officer thereof. |
| 3 | Any sum payable to a non-resident Indian, 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 maintained in accordance with the Foreign Exchange Management Act, 1999 and any rules made thereunder. |
| 4 | furnishing of information relating to payment to a non corporate non-resident, or to a foreign company, of any sum, whether or not chargeable under the provisions of this Act | i) the payer himself; or ii) if the payer is a company, the company itself including the principal officer thereof. |
| 5 | Credit/payment of any other sum chargeable under the provisions of the Act | i) the payer himself; or ii) if the payer is a company, the company itself including the principal officer thereof. |
| 6 | Credit/payment of any sum chargeable under the provisions of the Act made by or on behalf of the Central Government or the Government of a State. | i) the drawing and disbursing officer; or ii) any other person, by whatever name called, responsible for crediting, or as the case may be, paying such sum. |
Posted by CA Ankit Sharma under Income-Tax
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