Credit of TDS - payment by Firm on behalf of individual

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..... to 2% of the sum payable to a contractor at the time of credit or payment of such sum. In some cases, a contract is taken by an individual and is executed by a firm of which he is a partner. All the payments received by the individual are on behalf of the firm. A doubt has been raised as to who should be granted credit in terms of section 199 for TDS, viz., the firm or the individual who receives .....

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..... therefore, not clear as to how the firm executes the contract though the contract itself has been entered into with an individual. But it would be seen that the individual while receiving payment on behalf of the firm is presumably signing the receipt as such and the income is also being assessed in the hands of the firm. If so, credit for the tax would also have to be given to the firm. 3. Cred .....

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