TaxTMI 
TaxTMI 
sir,
i like to know that is incometax applicable for contingent bill towards supply of autos with mike sets on hire basis.
applicability of incometax
16 Sep 2011 
1 Reply 
1245 Views Asked by
Guest 
TDS provisions apply to contingent hire payments for vehicles with public-address equipment, requiring withholding on such service payments.
The issue is whether income tax applies to a contingent bill for supplying autos with microphone/public-address sets on hire; the operative reply states that TDS provisions are applicable, so such contingent hire payments are subject to withholding under the TDS framework for service payments. (AI Summary)
The issue is whether income tax applies to a contingent bill for supplying autos with microphone/public-address sets on hire; the operative reply states that TDS provisions are applicable, so such contingent hire payments are subject to withholding under the TDS framework for service payments. (AI Summary)
