Change in definition of “Person responsible for paying” :
CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
70 | Change in definition of “Person responsible for paying” |
204 and 195(6) | New clause inserted. |
1/4/2017 | Definition of “Person responsible for paying” Clarified.
“(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;”. |