08 February 2016
SIr, I am maintaining my individual data in Tally but confused for passing entry of Mediclaim Policy.
My Salary 300000 Paid Mediclaim Policy 15000 it is exempted under 80D i am very confused to create that ledger in which group. if i create this under exp. then my P&L showing profit 285000 and transfer to my balance sheet as a capital of Rs.285000 but it should be 300000. please suggest how to treat this entry in tally. Thanks & Regards, Arpit Aggarwal
CAclubindia
