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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

TDS - applicability of section 194C or 194-I? - when the ...


Section 194C Applies to TDS in Transportation Contract; No Transfer of Vehicle Use Rights Indicated.

July 16, 2012

Case Laws     Income Tax     AT

TDS - applicability of section 194C or 194-I? - when the contract agreement is read clause-by-clause, it becomes abundantly clear that there is no transfer of the right to use the vehicle involved in the contract agreement and that the contract agreement is merely for carriage of the petroleum and petroleum products and nothing more - AT

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