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Income tax notice u/s 143(1)

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Srinivas Ch

Srinivas Ch (Querist)
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08 December 2017 Advance thanks to experts...Please tell me, recently we paid Rs.1,43,542/- for income tax notice u/s 143(1). What is the accounting entry for this payment in tally?..pls urgent.

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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09 December 2017 Income Tax Dr To Cash/Bank

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RAJA P M (Expert)
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09 December 2017 Yes... I agreed to Mr Ashiwini Ballodia Sir.. Dr. Income Tax Paid A/c - XXXX Cr. Bank A/c - XXXX

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Srinivas Ch

Srinivas Ch (Querist)
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09 December 2017 where should be the "Income tax paid" ledger? Expenses?

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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10 December 2017 Under Indirect expense or under capital account

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Srinivas Ch

Srinivas Ch (Querist)
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11 December 2017 It is registered under Societies act

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