Sir,
I received advance amount 20 Lacs for my work Contract in March 2022 and for the same they have deducted 1% TDS. So my question here is how to treat this income tax. Means Can I cliam that TDS & If yes then how to show that gross receipt in Income Tax.
Menu
TDS on Advance paid for Work Contact
Replies (1)
You can claim this TDS wholly, when you offer that gross receipt as "Business return"
Recent Topic
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
Related Topics
CAclubindia
