Hi, I have a interior design firm. I received payment from a party regarding works done and charged them the cost + GST ( approx 15 lacs was the invoice). The deal was after the project ended I was to pay a sum of 5 lacs to another party (individual) after the works regarding this project was completed.
Now my CA is asking to deduct 30% income tax and make the payment to this individual. The individual suggest I can raise an invoice directly to him for that amount and show it as an expense - can you suggest ways how the individual can be paid as this is not a profit for my company.
Kindly help
CAclubindia
