Section 194C of Income-tax Act does not stipulate existence of a written contract as a condition precedent for payment of TDS

The contract may be in writing or it may be oral but the liability to pay tax arises when the recipient of the said amount receives payment in excess of Rs. 20,000. CASE LAWS DETAILS DECIDED BY: HIGH COURT OF KARNATAKA, IN THE CASE OF: J. Rama Vs CIT, APPEAL NO: ITA No. 418 of 2009, DECIDED ON July 19, 2010 RELEVANT PARAGRAPH The facts of the case are that the assessee is an individual deriving income from hiring of vehicles. For the Assessment Year 2005-06, return of income was filed on 30-10-2005 declaring an income of Rs. 8,27,740. The return was processed under section ...