Turn over regarding
This query is : Resolved
B SRINIVAS
(Querist)
06 August 2011
If a contractor awarded 100,000/- work to contractee what is the turn over of the contractee the gross is 100,000/- after deduction of TDS Rs1000 net is Rs 99000/- then turn is 99000 or 100,000
CA Ashwani Agarwal
(Expert)
06 August 2011
Turnover is 100000.
Amount of 1000 deducted as TDS will also be credited in the PAN No. of the assessee only so it should always be included in the turnover.
Amount of 1000 deducted as TDS will also be credited in the PAN No. of the assessee only so it should always be included in the turnover.
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