15 January 2020
Dear Sir/Madam, I have a doubt about some entry in telly. Case Detail:- Entity-Proprietorship Firm balance sheet data as on 31 march 2019:- advance tax -0, TDS-26644 now after self assessment tax payable was 504102, in which proprietor already paid 400000 in advance 24AS reflect TDS 32402 hence. he was paid 71700 as self assessment Tex. Now, what entry i should pass in telly. Please help me out. Thanking You
15 January 2020
On the date of payment in the current financial year, debit Capital Account of the Proprietor by mentioning in narration as Self Assessment Tax Paid for AY 2019-20
CAclubindia
