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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Any payment made under lease agreement for use of vehicles ...

Income Tax

October 28, 2015

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

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