Payer identification replaces lender or depositor phrasing in notification reporting requirements, clarifying required payer details. Corrigendum to Notification No. 58/2017 replaces the phrase 'name, address and Permanent Account Number (if available with the assessee) of the lender, or depositor or person from whom specified advance is received;' with 'name, address and Permanent Account Number (if available with the assessee) of the payer;' in both clause (d), sub clause (i), and clause (e), sub clause (i), thereby standardising the identification wording to refer to the payer.
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Payer identification replaces lender or depositor phrasing in notification reporting requirements, clarifying required payer details.
Corrigendum to Notification No. 58/2017 replaces the phrase "name, address and Permanent Account Number (if available with the assessee) of the lender, or depositor or person from whom specified advance is received;" with "name, address and Permanent Account Number (if available with the assessee) of the payer;" in both clause (d), sub clause (i), and clause (e), sub clause (i), thereby standardising the identification wording to refer to the payer.
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