Return as to fees, commissions, royalties, etc.
(1)
The Commissioner may, by notice in writing, require a person
carrying on a business to furnish him within a reasonable time, not being less
than thirty days from the date of service of the notice, with a return of all
payments made by that person of any kind specified in the notice, being - - (a) payments made in the course of the business for services rendered, or in anticipation of services to be rendered, by persons not employed in the business; or
- (b) payments for services rendered, or in anticipation of services to be rendered, in connection with the formation, acquisition, development, or disposal of the business or a part of it, by persons not employed in the business; or
- (c) periodical or lump sum payments in respect of any royalty.
(2)
A return made under this section shall give the names and
addresses of all persons to whom payments were made, the amounts of the
payments and such other particulars as may be specified in the notice. (3)
For the purposes of this section - - (a) references to payments for services include references to payments in the nature of commission of any kind and references to payments in respect of expenses incurred in connection with rendering of services; and
- (b) references to the making of payments include references to the giving of any form of valuable consideration,