Tds deduction

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Ameet Suley (Querist)
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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

CA R SEETHARAMAN (Expert)
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10 September 2018 Deduct TDS in the name of the firm and remit it after obtaining PAN and TAN.

Ameet Suley

Ameet Suley (Querist)
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11 September 2018 Thank you sir will do the needful

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