tiling contractor

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private job
176 Points Joined December 2016
hello sir... I want to prepare contractor p & l account.. in that income receiving from different 2 3 companies.. thn how to show income..??
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On 08 May 2017 at 22:49 Report
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private job
176 Points Joined December 2016
should I show 3 different companies income in diff column with name... ?
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On 08 May 2017 at 22:56
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private job
176 Points Joined December 2016
all companies are giving different bills.. in that they are ded our TDS and also retention amt... plz tell me should i take retention amt in balancesheet....?
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On 08 May 2017 at 23:02
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accountant
123 Points Joined November 2011
club all the income
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On 08 May 2017 at 23:49
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private job
176 Points Joined December 2016
k and Whr to adjust retention amt..
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On 08 May 2017 at 23:54
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artical assisstant
71 Points Joined May 2017

All income Treated and clubed as Sales accordingly 26AS .

Retension amts are some kind of deposit secuirty its a refundable amt hence you need to show in your balance sheet under currrent investment .

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On 09 October 2018 at 17:31


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