TDS Applicability on in Case of Advance Payment (194J)

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SUDHEEP M (Querist)
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30 October 2021 Sir I want to know the TDS Applicability in Respect of the following cases

I have made an advance payment (Nature 194J) of Rs. 100000 against Performa invoice during the FY 2020-21 and from the advance I have deducted and paid Rs 7500 (100000 @ 7.5%). But original invoice received during the current financial year 2021-22 at Rs 150000 plus tax. What amount of TDs should be deducted and paid during the current financial year. Whether Rs. 5000 (150000 Minus advance payment of Rs. 100000 @ 10%) or 7500 (150000 @ 10% minus TDS already paid @ Rs. 7500)

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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31 October 2021 ₹5000, that is @10% on (invoice value - advance)

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TDS Applicability on in Case of Advance Payment (194J)

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