10 September 2015
Sir if continuous service is provided by an individual whoz turnover is below 50 lakhs. so the point of taation for him would be according to the breakup of the contract as and when that part is completed as in case of contineous service or would be on receipt basis as per the point of taxation of small service providers...thanx in advance..
11 September 2015
in case of continuous service there is no completion of work ,so based on milestone ie payment to be received after completion of milestone on receipt basis only. Any other views?
CAclubindia
