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applicability of incometax

sid chakravarthy

sir,

i like to know that is incometax applicable for contingent bill towards supply of autos with mike sets on hire basis.

Income Tax Applies to Hire of Autos with Mike Sets; TDS Provisions Relevant for Contingent Bills A query was raised regarding the applicability of income tax on contingent bills for supplying autos with mike sets on a hire basis. The response indicated that Tax Deducted at Source (TDS) provisions would be applicable to such transactions. (AI Summary)
Income Tax
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