Deductor: person obliged to withhold tax at source, creating a statutory withholding duty on specified payers. Deductor denotes the person obliged to withhold tax at source under the provisions of the Income tax Act; this definitional entry, drawn from the Income ... Summary
Deductor: person obliged to withhold tax at source, creating a statutory withholding duty on specified payers.
Deductor denotes the person obliged to withhold tax at source under the provisions of the Income tax Act; this definitional entry, drawn from the Income Tax Department glossary, serves as a concise reference in manuals and practice guides to clarify withholding responsibilities and compliance obligations.
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