Section 203AA of Income Tax Act "Furnishing of statement of tax deducted"
Omitted by the Finance Act, 2020, w.e.f. 1-6-2020.
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 maintained in accordance with the Foreign
Exchange Management Act, 1999 (42 of 1999), and any rules
made thereunder;
(iib) in the case of furnishing of information relating
to payment to a non-resident, not being a company, or to a
foreign company, of any sum, whether or not chargeable under
the provisions of this Act, the payer himself, or, if the
payer is a company, the company itself including the
principal officer thereof;
(iii) in the case of credit, or, as the case may be, payment
of any other sum chargeable under the provisions of this
Act, the payer himself, or, if the payer is a company, the
company itself including the principal officer thereof;
(iv) in the case of credit, or as the case may be, payment
of any sum chargeable under the provisions of this Act made
by or on behalf of the Central Government or the Government
of a State, the drawing and disbursing officer or any other
person, by whatever name called, responsible for crediting,
or as the case may be, paying such sum;
87[(v) in the case of a person not resident in India, the
person himself or any person authorised by such person or
the agent of such person in India including any person
treated as an agent under section 163.]
Explanation.-For the purposes of this section,-
(a) "non-resident Indian" and "foreign exchange asset" shall
have the meanings assigned to them in Chapter XII-A;
(b) "authorised person" shall have the meaning assigned to
it in clause (c) of section 2 of the Foreign Exchange
Management Act, 1999 (42 of 1999).