Monday 18 May 2015

Hire charges paid on KM basis without bearing running cost would attract sec. 194C TDS and not TDS u

IT: Where assessee-State Transport Corporation was making payment on kilometre running basis without any responsibility for running cost, maintenance cost, driver cost etc., said payment would fall within ambit of section 194C and not under defination of rent as defined in section 194-I

No comments:

Post a Comment