Hawala entry


This query is : Resolved 

(Querist)
18 July 2015 Mah Sales tax had made a penalty for my company for against hawala declared dealers i made the payment to sales tax
so i want to know what will be the leadger i have to create under head in tally and what entry i have to pass in tally plzz help me

18 July 2015 create the account named and styled as MAHAVAT penalty under indirect expenses.

There are conflicting views about allowability of MAHAVAT penalty under Income Tax Act.


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