In the month of Nov 2017 I submitted an invoice for Rs.7 lakhs. I received Rs 2.0 Lakhs in the financial year 2017-2018 as payment and balance in the year 2018 - 2019 .
TDS (10%) of Rs 70,000/- was deducted by the owner on the full invoice .
Again I paid of GST amounting to 18% for the full amount against invoice .
My query is , for what amount I should pay Income tax in the year 2017-2018.........Is it for the received 2.0 Lkahs or
for the total invoice amount . Thanks.
CAclubindia
