29 September 2014
tds is deducted on mobilization fund which is given by debtor to client as advance and it is set off against sales amount paid by them to client. they also deduct the tax on sales(invoice amount) in 26AS tds is is more than the sales proportion due above reason what is treatment whether it required to increase the sales even there is sales really? E.g: mobilization fund 50,00,000 tds deducted:50000 actual sales:69,15,000 tds on sales:69150 total tds on 26AS:119150 what is the tax treatment and accounting treatment?