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Final Entry of Tds Receivable & Self assessment Tax

This query is : Resolved 

21 July 2022 After adjusting TDS receivable from my total tax liability and further payment of Self Assessment Tax there is no further tax liability for particular financial year. The IT Return is assessed u/s 143(1).
Now can i transfer the Tds receivable and Self assessment tax to Capital A/c by passing journal entries as below

Capital A/c
To Tds Receivable
To Self Assessment Tax

Or transfer the same the to expense account

Note: Status of Return filer is Individual

21 July 2022 Correct these are transferred to Capital account.


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