Since a proprietary concern has no legal recognition unlike a Partnership firm which has a distinct identity & PAN, any person can get away by claiming TDS raised on a proprietary concern claiming it to be his concern.
Your views please
AMEET KIMBAHUNE (Consultant) (87 Points)
17 March 2009Since a proprietary concern has no legal recognition unlike a Partnership firm which has a distinct identity & PAN, any person can get away by claiming TDS raised on a proprietary concern claiming it to be his concern.
Your views please
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 18 March 2009
The proprietary concern uses the PAN number of its proprietor, so only the proprietor can claim TDS. Further, whoever will claim TDS, has to claim the Income also for tax purposes.
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