Collection at source definitions clarify buyer, seller and lessee roles to determine applicability of withholding obligations. Specifies operative definitions for collection at source: buyer (with stated exclusions), seller (including governmental and corporate sellers and certain ... Summary
Collection at source definitions clarify buyer, seller and lessee roles to determine applicability of withholding obligations.
Specifies operative definitions for collection at source: buyer (with stated exclusions), seller (including governmental and corporate sellers and certain individuals or HUFs subject to turnover limits), lessee or licensee, lessor or licensor, and scrap, to determine which persons and transactions attract collection and withholding obligations.
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