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Advance tax

This query is : Open 
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(Querist)
21 September 2017
Dear Sir

I have paid my advance tax Rs .12000/-
Now please suggest how to make entry in tally

I have done advance tax Debite and bank Credit

Now guide for next
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RAJA P M

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RAJA P M (Expert)
21 September 2017 Income tax : Just you ll create a Ledger as "Advance Tax paid" under revenue authorities.... Dr. Advance Tax paid - 12000 Cr. Bank A/c - 12000... At the time of accounts finalize you/auditor transfer the amount to liabilities head and also transfer proprietor / promoters account
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