23 June 2015
Relaxation under section 194C(6) of the Act from non-deduction of tax shall be applicable to the payment in the nature of transport charges (whether paid by a person engaged in the business of transport or otherwise) made to an contractor who is engaged in the business of transport i.e. plying, hiring or leasing goods carriage and who is eligible to compute income as per the provisions of section 44AE of the Act (i.e a person who is not owning more than 10 goods carriage at any time during the previous year) and who has also furnished a declaration to this effect along with his PAN.
23 June 2015
vehicle is ownesrship is less than 10 its you cannot maintain he record for every consignment and owner ship paper of vehicle due to when you face income tax case then you cannot prove that the name on the bilty and name on the RC copy of vehicle is same.
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