Tds on advavce bill payment

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Balkrushna (Querist)
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22 August 2014 Sir,how to deduct tax on bill for Rs.51543-50000=1543.whether on Rs.51543 or Rs.1543???Rs.50000 is advance against bill.

CMA. CS. Sanjay Gupta (Expert)
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22 August 2014 If TDS was deducted on advance then now TDS needs to be deducted only on balance amount i.e., Rs 1543/-.

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Balkrushna (Querist)
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22 August 2014 thanks for your valuable reply

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