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of <h1>Understanding Section 204 of Income Tax Act: Who's Responsible for Paying Taxes on Various Payments?</h1> The 'person responsible for paying' as defined in Section 204 of the Income Tax Act, 1961, varies based on the type of payment. For salaries, it is the employer or the company, including its principal officer. 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 remittance. For payments to non-residents or foreign companies, it is the payer or the company, including its principal officer. For government-related payments, it is the drawing and disbursing officer. For non-residents, it is the individual or their authorized agent in India.
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