Vehicle Lease Payments Classified as Rent Require Tax Deduction u/s 194-I; Non-Compliance Leads to Disallowance u/s 40(a)(ia). https://www.taxtmi.com/highlights?id=25590 Any payment made under lease agreement for use of vehicles partake the character of rent on which tax has to be deducted under the provisions of section 194-I. - disallowance u/s. 40(a)(ia) has to be made for non-deduction of tax at source (TDS) - AT en-us Wed, 28 Oct 2015 12:42:19 +0530 Wed, 28 Oct 2015 12:42:19 +0530 TaxTMI RSS Generator Vehicle Lease Payments Classified as Rent Require Tax Deduction u/s 194-I; Non-Compliance Leads to Disallowance u/s 40(a)(ia). https://www.taxtmi.com/highlights?id=25590 Any payment made under lease agreement for use of vehicles partake the character of rent on which tax has to be deducted under the provisions of section 194-I. - disallowance u/s. 40(a)(ia) has to be made for non-deduction of tax at source (TDS) - AT Highlights Income Tax Wed, 28 Oct 2015 12:42:19 +0530 https://www.taxtmi.com/highlights?id=25590