Indemnity for tax deduction shields persons who deduct, retain, or pay tax under the Code from liability. Clause 272 provides a statutory indemnity for any person who, in pursuance of the Direct Taxes Code Bill, 2009, deducts, retains or pays tax in respect of ... Summary
Indemnity for tax deduction shields persons who deduct, retain, or pay tax under the Code from liability.
Clause 272 provides a statutory indemnity for any person who, in pursuance of the Direct Taxes Code Bill, 2009, deducts, retains or pays tax in respect of income belonging to another person, the indemnity applying specifically to those acts performed under the Code.
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