tally
This query is : Resolved
04 November 2009
i want to know where we add closing balance of last year tds and advance tax in tally. iam opening company of 2009-10 in tally. i want to know under which head should i add last year closing balance (2008-09) of tds & advance tax in tally
CA SANJAY MUKHERJEE
(Expert)
04 November 2009
Open an Ledger A/c for Advance Tax and TDS under Current Assets and write/fill up the opening balance in the required space.
chetan soni
(Expert)
04 November 2009
yes, agree with expert. Also note at the time of assessment order pass entry to adjust the income tax liability with advance tax & TDS.
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