Menu
PROPERTY TAX EXPENSE
How can we show in tally property tax paid ?
Replies (6)
Property tax paid if related to business then it will be expense account debit to bank and if in personal nature then capital to bank
can u Tell the entry
I have written up
Property tax relating to business is allowed as expense and entry will be Debit Property tax (under head indirect expense) and credit bank
which Head ? can u tell Head name ?
In tally while creating ledger Property tax select the head indirect expenses
Recent Threads
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
Related Threads
CAclubindia
