Vehicle Lease Payments Classified as Rent Require Tax Deduction u/s 194-I; Non-Compliance Leads to Disallowance u/s 40(a)(ia).

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....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....