i) Suppose We have got an Full Advance Receipt of 10,000/- Against a Proforma Invoice Amounting Rs. 10,000/- on 29.05.2018 And the next day i.e. on 30.05.2018 We are generating the Final Invoice. Is the Advance Receipt subject to be Taxed? If so please explain.
ii) Suppose We have got Part Payment as Advance, say 6,000/- Against a Proforma Invoice Amounting Rs. 10,000/- on 29.05.2018 And the next day i.e. on 30.05.2018 We are generating the Final Invoice. Is the Advance Receipt subject to be Taxed? If so please explain.
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