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Common use of Tax deduction at Source Clause in Contracts

Tax deduction at Source. Wherever the laws and regulations require deduction of such taxes at the source of payment, the Bank shall effect such deductions from the payment due to the Supplier. The remittance of amounts so deducted and issuance of certificate for such deductions shall be made by the Bank as per the laws and regulations in force. Nothing in the Contract shall relieve the Supplier from his responsibility to pay any tax that may be levied in India on income and profits made by the Supplier in respect of this contract.

Appears in 2 contracts

Samples: On Site Maintenance Contract, On Site Maintenance Contract

Tax deduction at Source. Wherever the laws and regulations require deduction of such taxes at the source of payment, the Bank shall effect such deductions from the payment due to the SupplierBidder/supplier. The remittance of amounts so deducted and issuance of certificate for such deductions shall be made by the Bank as per the laws and regulations in force. Nothing in the Contract shall relieve the Supplier Bidder/supplier from his responsibility to pay any tax that may be levied in India on income and profits made by the Supplier in respect of this contract.his

Appears in 1 contract

Samples: Relationship Beyond Banking

Tax deduction at Source. Wherever the laws and regulations require deduction of such taxes at the source of payment, the Bank shall effect such deductions from the payment due to the SupplierService provider/supplier. The remittance of amounts so deducted and issuance of certificate for such deductions shall be made by the Bank as per the laws and regulations in force. Nothing in the Contract shall relieve the Supplier Service provider/supplier from his responsibility to pay any tax that may be levied in India on income and profits made by the Supplier Service provider/supplier in respect of this contract.

Appears in 1 contract

Samples: Framework Agreement for Amc of Fire Extinguishers