Tds on advance payments to vendor

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There is one vendor XYZ for our company who has been engaged for interior decoration. The total estimated cost of renovation comes to Rs. 2lakh. The payments were being given as Rs. 50000 as n when part of work was finished (with TDS deduction). My question here is at time of last n final payment to vendor do we need to show deduction of Tds against the booking of bill. Im getting confused a little. Kindly help with an entry
Replies (2)

Yes.., while booking the bill of XYZ you have to pass a consolidated TDS enrty for deductions done for all RA bills...

Agree with Ms. Aanya TDS must be deducted on above advance.


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