30 January 2015
if its given on rent then sec 194I shall be made applicable but only drop facility is provided by company then sec 194C shall be made applicabe..
30 January 2015
yes if is cross the limit then tds will applicable. u/s 194I if you take only car on rent u/s 194C if car provide you take and drop facility.
31 January 2015
Please refer to Section 10(26AAA) of the Income Tax Act, 1961.
SECTION 10 (26 AAA) OF INCOME TAX ACT – INCOME OF SIKKIMESE
The Finance Act, 2008 have exempted U/s. 10 (26AAA) the following income accruing or arising to a Sikkimese individual from tax with retrospective effect from assessment year 1990-1991. 1) Income from any source in the state of Sikkim; or 2) Income by way of dividend or interest on securities.
Income accruing or arising to a non Sikkimese individual residing in the state of Sikkim continues to be liable to tax under the Act.
You may refer to Section 10(26AAA) from link given below:
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