C.A FINAL STUDENT AND QUALIFIED C.M.A
563 Points
Joined December 2013
Many of the entries in 26AS statement for Contractors resemble advance payment (regarding R.A Bills)rather the final bill . It is commonly seen in this Industry.
In general you have to make T.D.S since its the 'payment or credit which is earlier' at the time you make a payment and after completion of contract or otherwise arriving at final bill, adjust the same.