Assessees must deduct tax on bus hiring payments u/s 194C, not Section 194I, of the Income Tax Act.

Assessees must deduct tax on bus hiring payments u/s 194C, not Section 194I, of the Income Tax Act. https://www.taxtmi.com/highlights?id=3391 Hiring of the buses would not be akin to taking of any plant and machinery on lease - assessee would be liable to deduct the tax on such payment under sec. 194C of the Act and not under sec. 194I of the Act - AT en-us Wed, 11 Apr 2012 21:29:02 +0530 Wed, 11 Apr 2012 21:29:02 +0530 TaxTMI RSS Generator Assessees must deduct tax on bus hiring payments u/s 194C, not Section 194I, of the Income Tax Act. https://www.taxtmi.com/highlights?id=3391 Hiring of the buses would not be akin to taking of any plant and machinery on lease - assessee would be liable to deduct the tax on such payment under sec. 194C of the Act and not under sec. 194I of the Act - AT Highlights Income Tax Wed, 11 Apr 2012 21:29:02 +0530 https://www.taxtmi.com/highlights?id=3391