Clerification regarding 194 c6

As per section 194C(6) of Income Tax Act, 1961, no deduction would be made from any sum credited or paid or likely to be credited or paid during the previous year to the contractor during the course of business of plying, hiring or leasing goods carriages, if such contractors who owns ten or less goods carriages at any time during the previous year and furnishes a declaration to that effect along with his PAN, to the person paying or crediting such sum.

As per section 44AE of Income Tax Act, 1961, an assessee who owns a goods carriage or an assessee, who is in possession of a goods carriage, whether taken on hire purchase or on instalments and for which the whole or part of the amount payable is still due, shall be deemed to be the owner of such goods carriage.