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When you are making Down Payment or you Receive
Advance ,Does TAX come into Picture. If so how we are
supposed to go about it.
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Answer Posted / pankaj
as per accounting rules which ever is earlier payment or
invoice must have to calculate TDS over it and booked to
separate GL's. Now coming question offcourse down payment
made or received or invoice TDS or Taxation part comes
into picture !
Respective settings need to maintain.
Regards,
Pankaj.
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