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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

TDS on hiring of Buses on kilometer running basis - the contract ...


Bus Hiring Not Leased: Correct Tax Deduction u/s 194C Confirmed for Kilometer Basis Contracts.

August 17, 2014

Case Laws     Income Tax     HC

TDS on hiring of Buses on kilometer running basis - the contract of transport was not akin to the taking of any 'plant' or 'machinery' on lease or any other similar arrangement - the assessee had correctly deducted tax at source u/s 194C - HC

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