Sec 194C TDS Not applicable on reimbursement of petrol exp paid for hiring cabs : ITAT
Sec 194C TDS Not applicable on reimbursement of petrol exp paid for hiring cabs : ITAT In order to rationalize the provisions of disallowance on account of non-deduction of tax from the payments made to a resident payee, it is proposed to amend section 40(a)(ia) to provide that where an assessee makes payment of the… Read More »