18 December 2012
If a company often hires car from a same individual as and when required ( the vehicle is not hired for specific period) then this kind of transactions will comes under 194 C or 194 I or it will neither covered under any of these section ?
18 December 2012
Vehicle hire charges falls within the scope of Section 194C not under section 194I. Ahmedabad Urban Development Authority vs. ACIT (ITAT Ahmedabad)-ITA No.1 637/Ahd/2010 (A. Y.: 2009-10)
18 December 2012
what if company does not make fixed monthly payments for hiring vehicles. The payment made to individual varies according to the trip executed whenever required and there is no expressed contract between the concerned parties. Then what will be your answer?
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