Dear member
Namaste
If a company pay ` 25,000 in advance against professional fees in the FY 2011-12 without deducting TDS as no liability arises and than in the next FY company receives an invoice of ` 60000 against that advances. Now my query is whether that company is liable to deduct TDS on whole ` 60000 or only on ` 35000.
Thanks in advance
CAclubindia
