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of <h1>Section 204: Who's Responsible for TDS and TCS Payments Under the Income Tax Act, 1961?</h1> Section 204 of the Income Tax Act, 1961, defines 'person responsible for paying' in relation to tax deduction at source (TDS) and tax collection at source (TCS). For salaries, it is the employer or the principal officer if the employer is a company. For interest on securities, it is the local authority, corporation, or company involved. For payments to non-resident Indians, it is the authorized person handling the transaction. For payments to non-residents or foreign companies, it is the payer or the principal officer if the payer is a company. For government payments, it is the drawing and disbursing officer.
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