For individuals, flats are investments, & rent received is under income from house property.
Can we prepare individual rental income in tally as he is sole propriter
Yes, sub-ledgers can be formed, under a (new)group "Rental Incomes"
Rent would be shown as an Indirect Income. Flats will be shown as Investments.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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