TDS deduction for proprietorship company
This query is : Resolved
purnima sriram
(Querist)
13 November 2009
one person who is owner of a small company ie. sole proprietory has a PAN in his name and submits bill in the name of his proprietorship company and requests to deduct TDS in his personal name and gives his personal PAN number How do we make payments 1) give cheque in his name or company name and deduct TDS in his name or company name. He informs that sole proprietorship Company does not have PAN number. He personally has. Kindly give solution for this problem
CA.M Chowdary
(Expert)
13 November 2009
the sole proprietory concern does't have a different pan. the pan of the individual will be the pan of the sole proprietory concern. u should deduct the tds by mentioning the pan of the individual. u can issue cheque in the name of the concern. however while issuing the tds certificate u mention xyz concern, prop: y on the tds certificate
14 November 2009
Completly agree with expert.
Vig , Rakesh
(Expert)
14 November 2009
Agreed with experts
Rahul Vora
(Expert)
14 November 2009
Perfect explanation by Mr. M. Chowdary
CA Deepak S
(Expert)
14 November 2009
Agree with the experts
kariyappa.S.C
(Expert)
14 November 2009
I agree with By Mr. Chowdary
C.L. RAVIKUMAR
(Expert)
14 November 2009
Useful information. thanks a lot Shri. Chowdry.
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