close x
Home > Experts > Accounts > Tally head


Please Wait ..

Sign-in to your account



Username:
Password:

Remember Me | Forgot your password?

 

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.



Alternatively, you can log in using:

Tally head (Accounts)

Report Abuse
This query is : Resolved


( Author )
26 July 2012

I HAVE DEPOSITED INCOME TAX AS PROPRIETOR ON 16-7-2012.

1 IS IT INDIRECT EXPENSIVE IN TALLY HEAD ? OR

2 IS IT CAPITAL AC (-) ?

EXPLAIN GROUP HEAD IN TALLY


Amol S Joglekar

( Expert )
26 July 2012

For proprietor, it should go to DRAWINGS. For company form, open income tax paid account under current asset.


CA BHARATH KUMAR

( Expert )
26 July 2012

in companies . it should be provission made in 31/03/2012. so you have debit that provision for income tax .


Amol S Joglekar

( Expert )
26 July 2012

First debit it to income tax paid. The journal entry be passed on year end to transfer to provision account.


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :










submit








Quick Links





back to the top