08 January 2011
A person who has a taxi services business (travel agency), has contracts with his clients for giving them vehicle at hire on monthly basis, but he received those vehicles from individuals on monthly basis without any contract and the expenses related to fuel, driver and maintenance are arranged by travel agency itself. Is travel agency liable to deduct tax at source from the payments made to individuals (from whom he hired the taxies on monthly basis without any contract)?
CAclubindia
