Entry in tally

PAYMENT VOUCHER

FIXED ASSET A/C   DR

           TO BANK

for this you need to create account of fixed asset in asset group

First of all, you need to make a new ledger account by pressing "alt + C" by the name of desired Fixed Asset say Furniture under Fixed Assets. After that pass a JE by debiting that asset and by crediting the bank account which you have used to pay, if you have not incorporated bank pass book/ statement in Tally.

Entry will appear like following:-

Furniture Dr.

HDFC bank a/c Cr.

How to entry on TDS Deduct in tally