Person responsible for paying taxes deducted at source [Section 204] :
For purposes of deduction of tax at source the expression “person responsible for paying” means:
| 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 nonresident 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) | 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. |
| (5) | 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. |