FORM NO. 15-I

Mr.Abhay Sinha

Now Section 194C has been replaced with a new Section 194C with effect from 1-10-2009.  As per the provisions of sub-section (6) of the new Section 194C no tax is to be deducted at source on the sums paid  or like to be paid or credited or likely to be credited to the account of a contractor during the course of busness of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number to the person paying or crediting such sum.

Coming to Form No.15I

The person who receives Form No.15I has to file Forom No.15J with the Commissioner of Income-tax having jurisdiction over his case before 30th June following the following the financial year in respect of  all the declarations in Form No.15I received by the person( contractor)during the financial year.

Best Wishes

Sathikonda