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TARIQUE RIZVI (Querist)

28 April 2015 We have paid Rs 1,70,000 in April 2014 to our contractor. it is a proprietary concern. The contractor has given us his PAN but he has not given his bill till today due to some dispute. If 1,70,000 is treated as net amount, tds working will b as follows Gross 1,71,717 less tds 1,717. If 1,70,000 is treated as gross amount, tds working will be as follows Gross 1,70,000 less tds Rs 1,700/= In this case what should I do Please guide me.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

28 April 2015 what is the contract price ???

or it is a part payment

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TARIQUE RIZVI

TARIQUE RIZVI (Querist)

28 April 2015 The total contract was as of Rs 3,50,000/- as against which we had paid Rs 1,70,000/- on account of part payment but due to some dispute the contractor stopped the construction work.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

28 April 2015 Gross amount 171717
TDS 1717

Total payment 170000

TARIQUE RIZVI

TARIQUE RIZVI (Querist)

28 April 2015 Lot of thanks for your quick response

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