https://www.taxtmi.com/forum/issue?id=110128 A manufacturer asked if it can give its vehicles to a transport company without an agreement and whether that affects income tax. Respondents advised that a written agreement is essential to determine legal and tax consequences, noting the purpose and terms are necessary to classify the transaction for tax and legal treatment. en-us Sat, 02 Apr 2016 13:25:20 +0530 Thu, 23 Jan 2025 15:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110128 A manufacturer asked if it can give its vehicles to a transport company without an agreement and whether that affects income tax. Respondents advised that a written agreement is essential to determine legal and tax consequences, noting the purpose and terms are necessary to classify the transaction for tax and legal treatment. Discussion-Forum Income Tax Sat, 02 Apr 2016 13:25:20 +0530 https://www.taxtmi.com/forum/issue?id=110128