Tds deduction
This query is : Resolved
Ameet Suley
(Querist)
10 September 2018
HI! I am starting a production house in partnership with my friend. We plan to produce movies. For this I need to sign a writer. He has asked to deduct TDS. I dont have the company PAN and TAN numbers yet. We have not yet opened the bank account as well but since I need to sign him on 13th Sept, I will be paying him through my personal account. Can I deduct the TDS without having the PAN and TAN numbers (I will definitely be apply for them in a few days) . Also can I as a individual deduct the TDS on behalf of my company? How do I go about ? Or can I pay him full now and for the next payment deduct the TDS for both the payments?
CA R SEETHARAMAN
(Expert)
10 September 2018
Deduct TDS in the name of the firm and remit it after obtaining PAN and TAN.
Ameet Suley
(Querist)
11 September 2018
Thank you sir will do the needful
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