TDS claimed by a proprietary concern

TDS 1036 views 1 replies

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

Replies (1)

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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