For purposes of deduction of tax at source the expression “person responsible for paying” means:
Nature of income/payment
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Person responsible for paying tax
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(1)
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Salary (other than payment of salaries by the Central or State Government)
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(i) the employer himself; or (ii) if the employer is a company, the company itself, including the principal officer thereof.
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(2)
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Interest on securities (other than payments by or on behalf of the Central or State Government)
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the local authority, corporation or company, including the principal officer thereof.
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(3)
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Any sum payable to a nonresident Indian, representing consideration for the transfer by him of any foreign exchange asset, which is not a short term capital asset
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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.
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(4)
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Credit / payment of any other sum chargeable under the provisions of the Act
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(i) the payer himself; or
(ii) if the payer is a company, the company
itself including the principal officer thereof.
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(5)
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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.
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(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.
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