Works contract.

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harish n p c (Querist)
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30 November 2011 Dear Experts,
How to declare the turnover for the works contractors? They are mainly executed the works of PWD.& other Government departments. the completion of work they were giving a cheque after the deduction of TDS. at the end of the year they give form 16A.& Pending bills are laying with the department.they are giving next financial year.In this curcumstance how we consider the annual turnover & profit of the works contractors. kindly suggest me with illustrations.

harish n p c

harish n p c (Querist)
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03 December 2011 Dear Experts,
How to declare the turnover for the works contractors? They are mainly executed the works of PWD.& other Government departments. the completion of work they were giving a cheque after the deduction of TDS. at the end of the year they give form 16A.& Pending bills are laying with the department.they are giving next financial year.In this curcumstance how we consider the annual turnover & profit of the works contractors. kindly suggest me with illustrations.