BILL AND PAYMENT IN DIFFERENT NAMES

[S.C. WADHWA]

A Pvt. Ltd. Co. make sales through sales agents. One agent is an individual

and have 10 employees under his employment.

Such agent gives bill in his favour but accepts payment in

bank account of an employee and gives PAN of

such employee for tds.

Whether is it justified to follow.

AI Summary

Sales Agent Issues Bills in Own Name, Uses Employee's PAN for TDS: Clarification Sought on Practice An individual sales agent working for a private limited company issues bills in his name but receives payments in the bank account of one of his employees, using the employee's PAN for tax deduction at source (TDS). The query seeks clarification on the justification of this practice. A response by another participant asks if the issue has been resolved, indicating the need for further clarification or discussion on the matter.