Assessment of persons residing outside India

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....d to be, for all the purposes of this Act, the assessee in respect of such tax.       (2) Any person employed by or on behalf of a person referred to in sub-section (1) or through whom such person is in the receipt of any income, profits or gains, or who is in possession or has custody of any asset of such person and upon whom the ^1[Assessing Officer]  has caused ....

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....Any agent, or any person who apprehends that he may be assessed as an agent, may retain out of any money payable by him to the person residing outside India on whose behalf he is liable to pay tax (hereinafter in this section referred to as the principal), a sum equal to his estimated liability under this section, and in the event of any disagreement between the principal  and such agent or p....

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....om any assets of such person which are or may at any time come within India.       --------------------------- Notes:- 1. Substituted vide the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. Before it was read as:- "Wealth-tax Officer" 2. Proviso omitted by the Wealth-tax (Amendment) Act, 1964, w.e.f. 1-4-1965. 3. Inserted vide the Wealth-tax (Amendme....