 |
|
For business information, annual reports, laws, ordinances, regulations and articles. |
|
|
This Clause
(4A) Any person responsible for making
any payment in full or in part (including a payment by way of an advance) to any person, on account of brokerage or commission on behalf of Government, a
local authority, a company, a registered firm, a
foreign contractor or consortium shall [ ] deduct advance
tax, at the time of making such payment, at the rate specified in the First Schedule and
creditor or the tax so deducted in any financial year shall, subject to the provisions of
section 53, be given in computing the tax payable by the recipient for the assessment year
commencing on the first day of July next following the said financial year, or in the case
of an assessee to whom section 72 or section 81 applies, the assessment year,
if any, in which the "said. date", as referred to therein, falls, whichever is
the later
Has been substituted By finance Act 1999 dated 30th June 1999.
