Accounting treatment

Preeti,

you can adjust it to the  tax relating to that year  in the balance sheet

Tax payable A.Y ____   Dr

  to Bank a/c

 and then finally transfer the whole amount to capital a/c once the asst is fully over

But Tax has already been paid in relation to Ay 2010-11, And it has been paid in ay 2013-14...

yes that is correct, but then you will have the amount of tax pertaining to 10-11 standing in the balance sheet no...you can add this amount to that account and then finally transfer it to capital account