My question is regarding WHT on downpayment and invoice
Presume for an invoice amount of Rs.100000/-, at the time of downpayment receipt on Rs.50000/-(eg. @10% WHT is deducted and receive 45000/-) from customer.
Now at the time of invoice which is raised for Rs.100000/- a WHT of Rs.10000/- shall be deducted, Whereas an amount of Rs.5000 had already been deducted.Now with this 10000/- on invoice + 5000/- (already deducted at the time of downpayment) the TDS balance deducted shows Rs.15000/- instead of Rs.10000/-
please suggest how to deal with this scenario
Edited by: dominocook on Aug 25, 2008 9:04 PM