Thursday, April 23, 2020

No Section 194C TDS on Reimbursement of Vehicle Expenses: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) held that Section 194C of the Income Tax Act, 1961 relating to Tax Deducted at Source (TDS) is not applicable to reimbursement of vehicle expenses. A vehicle was provided by the assessee to the concerned parties and assessee was to bear the vehicle expenses actually incurred by the cab […]

The post No Section 194C TDS on Reimbursement of Vehicle Expenses: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.



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