CBDT circular on hire charges paid to bus owners from the hire of buses

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Clarification regarding hire charges paid to bus owners from the hire of buses

Circular : No. 558, dated 28-3-1990.

1. According to the provisions of section 194C any person responsible for paying any sum of any resident for carrying out any work in pursuance of a contract between the contractor and the bodies specified therein shall, at the time of credit of such sum to the account of the contractor or payment thereof in cash, etc., deduct an amount equal to 2 per cent of such sum as income-tax on income comprised therein. The bodies are :

This content is for annual and Semi Annual members only.

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