Claiming tds without matching income

Hi friends,

I have a query about claiming TDS.

A builder has paid Rs 10 lakhs to contractor to construct a complex as advance and has deducted tax at source Rs 20000/-. The contractor has done very little work till March 13 but has not billed the builder. The whole 10 lakh appears as advance in his B/s.

My query is that can he claim that TDS without showing 10lakhs as income? There are no other receipts as it is the first year of business for the contractor.

Please reply

Thanks

Replies (2)

Contractor Can claim the Refund of TDS deducted.

 

Yes, the contractor can claim TDS and he can show proportionate income in his financials as per the work he has done and rest he can show as advance.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details