Income Tax on Advance Payment

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Income Tax on Advance Payment

zeeshan_660
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#1

07-24-2009, 07:30 PM

Salam to All

Please tell me about income tax deduction on advance payment.
For Example a firm supply to us and we pay some advance payment
i.e Rs. 1,600,000/-at this time and remaining pament after supply.
so please tell me we deduct the tax on whole supply at this time or just deduct on advace payment.

regards,

Muhammad Zeeshan

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Income Tax on Advance Payment - by zeeshan_660 - 07-24-2009, 07:30 PM

[No subject] - by awaisaftab - 07-25-2009, 01:37 PM