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of <h1>Specified persons to collect tax at source on listed receipts at prescribed rates; buyers can avoid collection with prescribed declaration</h1> Specified persons must collect tax at source on listed receipts at prescribed rates and at the earlier of debiting the buyer's account or receipt of payment. The Table sets rates for items such as alcohol, tendu leaves, timber/forest produce, scrap, certain minerals, high-value goods sales, specified remittances, overseas tour packages, and use of parking/toll/mines. Collection is waived for buyers resident in India who furnish a prescribed duplicate declaration that goods are for manufacturing/processing/generating power and not for trading (copy to tax authorities by the seventh day of the following month). Additional exemptions cover remittances where seller already collected tax, education loans for remittance, and where the buyer has deducted tax under other provisions. 'Forest produce' follows state or federal law definitions.
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