Relaxing the provisions of sections 201 and 40 of the Income-tax Act in case of payments to non-resi

Section 200 of the Income-tax Act, 1961 ("Act") imposes a duty upon a payer or deductor to pay tax deducted at source ("TDS") to the Government Treasury within the prescribed timelines. Section 201(1) deems a payer or deductor to be 'assessee in default' in respect of TDS due, if he does not deduct or after deduction fails to pay such TDS to the Government Treasury.

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