Section 194A Inapplicable: Interest in Hire Purchase Agreements Not Classified as Taxable Interest Under Income Tax Act.

Section 194A Inapplicable: Interest in Hire Purchase Agreements Not Classified as Taxable Interest Under Income Tax Act. https://www.taxtmi.com/highlights?id=31205 The amount of payment of interest are hire purchases cannot be characterized as interest payable and this provisions of Section 194A of the Act are not attracted in such transactions - AT en-us Wed, 14 Sep 2016 13:24:37 +0530 Wed, 14 Sep 2016 13:24:37 +0530 TaxTMI RSS Generator Section 194A Inapplicable: Interest in Hire Purchase Agreements Not Classified as Taxable Interest Under Income Tax Act. https://www.taxtmi.com/highlights?id=31205 The amount of payment of interest are hire purchases cannot be characterized as interest payable and this provisions of Section 194A of the Act are not attracted in such transactions - AT Highlights Income Tax Wed, 14 Sep 2016 13:24:37 +0530 https://www.taxtmi.com/highlights?id=31205