OUR FIRM IN CONSTRUCTION INDUSTRY. WE AVAILED SERVICE OF ARCHITECTURE FOR A PROJECT AMOUNTING TO RS 500000/-. BUT THIS FEES IS FOR WHOLE PROJECT. THE PROJECT IS LIKELY TO BE COMPLETED IN THIRD YEAR. ARCHITECTURE HAS ISSUED A BILL OF RS 500000/-.
SHOULD WE BOOK THE BILL OF RS 500000/- AND DEDUCT THE TDS ON WHOLE? OR
PROPORTIONATE BILL AND PROPORTIONATE TDS HAS TOBE DEDUCTED