Indemnity protects persons who deduct, retain or pay tax on another's income from personal liability. Persons who, in pursuance of the Income-tax Act, deduct, retain or pay any tax in respect of income belonging to another person are indemnified for such ... Summary
Indemnity protects persons who deduct, retain or pay tax on another's income from personal liability.
Persons who, in pursuance of the Income-tax Act, deduct, retain or pay any tax in respect of income belonging to another person are indemnified for such deduction, retention or payment, providing a statutory safeguard for those acting as deductors, retainers, or payers on behalf of the beneficial owner.
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