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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 / gaja
Q. when you are making down payment?
while giving advance to anybody u have to make down payment
that time we should select withholding tax code (if tax
applicable )so that tax will capture from the tax code
itself and received invoice we can nullfy with tax.
Regards,
gajalakshmi
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