Plz help

Yes Ayesha,

you can take it as indirect income in tally

but how can excise duty refund be income when we have got back what we paid excise duty on purchase of car.should not this refund be deducted from that car's purchase value. but as refund is through cheque we need to record it in tally. so confusing?

Ayesha,

when the duty was paid, the same was taken as an expense. and when the refund is received, it is taken as an income

incase of an asset, yes, it will have to be deducted from the value of the asset.