1.Under which head should we show donation in tally.This is case of individual proprietor.Should it be shown as indirect expense in p &l account .Then he will get double benefit as his profit will become less and also he gets deduction u /s 80G. Or it should be shown as drawings.
2.How to adjust advance tax of last yr in this year's balance sheet when last year that person had no tax payable but tax refund? PLZ HELP
3.WHAT ENTRY TO BE MADE IN TALLY FOR TDS DEDUCTED BY BANK AS IT IS SHOWN IN 26 AS FOR AY 13-14 BUT NOT SHOWN IN BANK STATEMENT.
CAclubindia
