https://www.taxtmi.com/acts?id=11858 A statutory mechanism requires sellers, lessors or licensors in specified transactions to collect income-tax at source from buyers or lessees at the notified percentage. Collection is deemed complete on receipt by cash, cheque, account debit or other prescribed mode. Collectors must remit sums to the Central Government within prescribed time, provide certificates of tax collection to payers, and deliver prescribed returns; the Board will prescribe the period, form, verification, delivery medium, authorised recipients and related matters for such returns. en-us Fri, 17 Sep 2010 11:22:53 +0530 Fri, 17 Sep 2010 11:22:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11858 A statutory mechanism requires sellers, lessors or licensors in specified transactions to collect income-tax at source from buyers or lessees at the notified percentage. Collection is deemed complete on receipt by cash, cheque, account debit or other prescribed mode. Collectors must remit sums to the Central Government within prescribed time, provide certificates of tax collection to payers, and deliver prescribed returns; the Board will prescribe the period, form, verification, delivery medium, authorised recipients and related matters for such returns. Act-Rules Bills Fri, 17 Sep 2010 11:22:53 +0530 https://www.taxtmi.com/acts?id=11858