Person responsible for paying: payers must furnish information on payments to non-residents and foreign companies, including principal officers.

The Bill inserts clause (iib) into section 204 to designate the payer, or where the payer is a company the company itself including the principal officer, as the person responsible for furnishing information relating to any sum paid to a non-resident (other than a company) or to a foreign company, whether or not the payment is chargeable under the Income-tax Act.

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