Advance Receipt
This query is : Open
Kunal Pansari
(Querist)
23 July 2017
I received an advance of Rs. 50000 from a customer. What will be the due date to deposit the tax amount? And what if I raise the invoice before the due date?
CA Rashmi Gandhi
(Expert)
23 July 2017
Upto 10th of next month. If tax invoice generated then only details of tax invoice to show in return.
23 July 2017
When you receive advance you ll be pay Tax on the date of payment received....
Kunal Pansari
(Querist)
23 July 2017
Confused by 2 different answers
CA Rashmi Gandhi
(Expert)
23 July 2017
No such option to pay tax at the time of date of payment.
Message likes :
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CA Rashmi Gandhi
(Expert)
23 July 2017
It will be paid only on 20 th of next month.
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