Who may be regarded as agent.
(1)
For the purposes of this Act, "agent", in relation to a non-resident, includes any person in India-(a)
who is employed by or on behalf of the non-resident; or(b)
who has any business connection with the non-resident; or(c)
from or through whom the non-resident is in receipt of any income, whether directly or indirectly; or(d)
who is the trustee of the non-resident, and includes also any other person who, whether a resident or non-resident, has acquired by means of a transfer, a capital asset in India:(i)
the transactions are carried on in the ordinary course of business through the first-mentioned broker; and(ii)
the non-resident broker is carrying on such transactions in the ordinary course of his business and not as a principal.(2)
No person shall be treated as the agent of a non-resident unless he had an opportunity of being heard by the Assessing Officer as to his liability to be treated as such.Previous
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