TDS and cheque name : Urgent

This query is : Resolved

ravi (Querist)
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06 December 2010 Dear all,

I have to issue a cheque on the name of "Powercom services" for the AMC charges. But PAN number has been provided to me, is related to individual person. Invoice is on the name of "Powercome services". Please tell me, cheque receiving person/firm and PAN number holder person/firm should be single or can be seperate one.

thanks

MAHENDRA KUMAR BAGRECHA

MAHENDRA KUMAR BAGRECHA (Expert)
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06 December 2010 Hi Ravi,

I feel that Powercom services is a proprietorship concern and hence PAN is related to individual person. If this is the case, you can ask them to give PAN card copy on Powercom letterhead certifying that the PAN is related to properietor of Powercom and afterthat you can issued cheque in Individual person name. Thanks

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