Applicability of the provisions of section 194C of the Income-tax Act, 1961--Deduction of tax at source from the hire charges paid to the bus owners for the hire of buses--Clarifications--Regarding
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Tax deduction at source: hire agreements with service-like contractual terms may attract withholding when substantive obligations exist. Tax deduction at source applies to payments under bus hire arrangements when contractual terms-such as provision of driver under instructions, fixed ... Summary
Tax deduction at source: hire agreements with service-like contractual terms may attract withholding when substantive obligations exist.
Tax deduction at source applies to payments under bus hire arrangements when contractual terms-such as provision of driver under instructions, fixed availability and schedules, maintenance obligations, supervision, certification of distance operated, and fixed plus variable payment components-transform a nominal hire into a service contract for carrying out work; applicability must be decided on the merits of each contract and earlier guidance is modified accordingly.
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