Withholding tax information requirement: payers must furnish prescribed details of payments as mandated by law. Amendment to section 195 imposes a reporting obligation on the person referred to in sub section (1) to furnish information relating to payment of any sum ... Summary
Withholding tax information requirement: payers must furnish prescribed details of payments as mandated by law.
Amendment to section 195 imposes a reporting obligation on the person referred to in sub section (1) to furnish information relating to payment of any sum in the form and manner prescribed by the Board, establishing a procedural duty for payers to submit payment details through Board-prescribed reporting mechanisms.
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