12 May 2011
We entered in one advertisement contract with one of the contractor during FY 10-11, which is partnershop firm, we deducted TDS agst payment made by us. During FY 11-12 they convert there company into propitorship there by there is change in there PAN also. Our contract with them coninue during this FY also.Which PAN no we have to make TDS payment during FY-11-12.
13 May 2011
TDS to be deducted and paid against PAN of the deductee which raises the Bill. If it has converted into Proprietorship and bill has been provided in the name of Prop Firm TDS will be deducted against NEW PAN of Prop Firm.