The person responsible for making the payment referred to in
sub-section (1) shall, for the purposes of estimating income of the assessee or
computing tax deductible under sub-section (1), obtain from the assessee the
evidence or proof or particulars of prescribed claims (including claim for
set-off of loss) under the provisions of the Act in such form and manner as may
be prescribed.
Now the employer is responsible to verify all the supporting
documents before determining the applicable Tax liability of employees.
Applicable with effect from 1 June 2015
Section 195 – Payment to Non-Resident
The person responsible for making the payment referred to in
sub-section (1) shall, for the purposes of estimating income of the assessee or
computing tax deductible under sub-section (1), obtain from the assessee the
evidence or proof or particulars of prescribed claims (including claim for
set-off of loss) under the provisions of the Act in such form and manner as may
be prescribed.
Now the 15 CA should be furnished for the cases even if tax at
source is not applicable
Applicable with effect from 1 June 2015
Section 194 C – Deduction of Tax on Transporter
In section 194C of the Income-tax Act, in sub-section (6), with
effect from the 1st day of June, 2015, for the words "on furnishing
of", the words "where such contractor owns ten or less goods
carriages at any time during the previous year and furnishes a declaration to
that effect along with" shall be substituted.
Now the transporter needs to provide above stated declaration along
with PAN to get the payment without ant Tax Deduction
Applicable with effect from 1 June 2015
CONTRIBUTED BY OUR ACTIVE MEMBER MR. VIRAG PANDYA
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