banner_ad

TDS on payments to Proprietorship Concerns

Others 3416 views 3 replies

I am running a proprietorship concern that was doing sales of goods. Now I have referred business to other exporters against commission. I issue bill in name of the proprietorship concern. If TDS limit is exceeded, is it sufficient to provide my PAN number as an individual. That is the same PAN as I use to fiole IT returns for business income from the proprietorship concern. However, the only problem that comes up is the PAN number is in my name and not the name of the proprietorship. Do I have to issue bill in my personal individual name only?

Is exemption of Rs.10.00 lakhs on service tax also available to the proprietorship concern. There is no branding of service. Just a simple classification of Business Auxiliary Service for the commission received.

Replies (3)

No problem !! you may Issue Bill

To  ,

   XYZ

___________________________________________________________________

 

                                                                                                                                  999999.00

----------------------------------------------------------------------------------------------------------------------

for , abc traders

Sunil

(Proprietor)

PAN- ___________

there is no problem in furnishing details to the deductor in your proprietorship firms name with your individual's PAN Number.

CA MAnish J. Agrawal

 

 YES THE LIMIT OF rS. 10 LACS IN SERVICE TAX IS ALSO APPLICABLE TO YOU.

YES THE LIMIT OF RS. 10 LACS IN SERVICE TAX IS ALSO APPLICABLE TO YOU.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details