A Sole Propreitor is into construction & done a project of around 1.5Crores for a period of 2 Years starting from FY 2012-13 ENDED in 2013-14.
TDS was deducted in the next FY @ 1% on whole project value of 1.5 Cr and a TDS of 1.5L.
My doubt is if whether we should go with turnover as per 26AS
or as per AS 7 percentage completion ( To Bifurcate the turnover in two years)
CAclubindia
