Obligation to collect prescribed claim evidence requires payers to obtain assessee's proof before estimating income or deducting tax. The amendment requires the person responsible for making the payment under section 192(1) to obtain from the assessee evidence, proof or particulars of ... Summary
Obligation to collect prescribed claim evidence requires payers to obtain assessee's proof before estimating income or deducting tax.
The amendment requires the person responsible for making the payment under section 192(1) to obtain from the assessee evidence, proof or particulars of prescribed claims, including set-off of loss, in such form and manner as prescribed for the purposes of estimating income or computing tax deductible under section 192(1).
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