Dear Sir,
We have given an advance for Rs.2.00 Lacs for a contractor without deducting TDS, he has given Rs.2.00 Lacs bill, there are no further transactions with that contractor.
If we have paid TDS, it will be expense to the Company, if we have not deducted TDS, it will be the violation of TDS rules
What we have to do in this scenario.
Please Reply & thanx in advance
CAclubindia
