Income Tax Act, 2025
Section 10: Ins. by Act 20 of 2015, s. 53 (w.e.f. 12015).
10. Ins. by Act 20 of 2015, s. 53 (w.e.f. 12015).
664
1[203AA. Furnishing of statement of tax deducted.—The prescribed income-tax authority or the
person authorised by such authority referred to in sub-section (3) of section 200, shall, within the
prescribed time after the end of each financial year beginning on or after the 2[1st day of April, 2008]
prepare and deliver to every person from whose income the tax has been deducted or in respect of whose
income the tax has been paid a statement in the prescribed form specifying the amount of tax deducted or
paid and such other particulars as may be prescribed.]
204. Meaning of“person responsible for paying”.—For the purposes of 3[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;
4[(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 5[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 6[the
Foreign Exchange Management Act, 1999 (42 of 1999)], and any rules made thereunder;]
7[(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) 8[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;
9[(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.]
10[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;
11[(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).]]
of section 200, shall, within the
prescribed time after the end of each financial year beginning on or after the 2[1st day of April, 2008]
prepare and deliver to every person from whose income the tax has been deducted or in respect of whose
income the tax has been paid a statement in the prescribed form specifying the amount of tax deducted or
paid and such other particulars as may be prescribed.]
204. Meaning of“person responsible for paying”.—For the purposes of 3[the foregoing provisions
of this Chapter] and section 285, the expression “person responsible for paying” means—
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;
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;
4[
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 5[authorised person] responsible for remitting such sum to the non-resident Indian or for
crediting such sum to his Non-resident
Account maintained in accordance with 6[the
Foreign Exchange Management Act, 1999 (42 of 1999)], and any rules made thereunder;]
7[
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;]
8[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;
9[
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.]
10[Explanation.—For the purposes of this section,—
“non-resident Indian” and “foreign exchange asset” shall have the meanings assigned to them
in Chapter XII-A;
11[
“authorised person” shall have the meaning assigned to it in clause
of section 2 of the
Foreign Exchange Management Act, 1999 (42 of 1999).]]