Can Company give own vehicles to any transport company, Income Tax

[Mathurthi RamKumar]

Dear All,

Greetings for new FY. Kindly tell me if any manufacturing company give their vehicles to any transport company with out agreement? This transaction will affect any IT act?

Kindly give reply.

Regards

M.RamKumar

Posts / Replies

[Ganeshan Kalyani]

Agreement is very essential during any legal issues. If we could know the purpose of letting out the vehicle we may analyse the implications. Thanks

[KASTURI SETHI]

I endorse the views of Sh.Ganeshan Kalyani, Sir. Agreement is always safe and convenient for both. What is logic without agreement ?