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of <h1>Section 194C: Tax Deduction at Source Required for Hire Charges Paid by State Transport to Private Bus Owners.</h1> The circular clarifies the applicability of Section 194C of the Income-tax Act, 1961, regarding tax deduction at source on hire charges paid to private bus owners by State Road Transport Corporations. It specifies that such contracts, although appearing as simple hire agreements, are considered service contracts for carrying out work. Consequently, tax must be deducted at source from payments to bus owners. The applicability of Section 194C should be assessed based on contract terms. This modifies previous guidance and should be communicated to relevant disbursing officers and departments for compliance.
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