Proprietorship expenses

I am a sole proprietor. I have the following expenses

1. Fuel Bills

2. Driver Salary

3. Uber Bills (Used to visit clients as well as come to office sometimes)

4. Food Bills (I order lunch daily, something I take a potential client out for lunch/dinner to present my service)

What ledger accounts in Tally should be created to correctly account for the above expenses?

 

Replies (11)
1. Fuel expenditure A/c
2. Salaries A/c
3. travelling and conveyance a/c
4. food and refreshments a/c
Yes... I agreed to Mr Sathish reply...

Travelling expense & Conveyance are not the same thing! 

Travelling expense is from office to customer or home to customer or customer to home or customer to office.

Conveyance is from home to office and office to home only

Is it correct?

Travelling expenses if it is outside the state Conveyance local
Travelling expenses if it is outside the state Conveyance local
Not only Outside State... We can consider Outside City or Outside its main location of the Premises...

For the purpose of payment of travelling allowance to its employees by Government, travelling allowance is for travel to outstations by modes such as train, flight, bus etc. Conveyance is for local travel within a station.

I am sole proprietorship of civil work contract i want pay the labour charges to labour is i have to deduct tds if labour salary is less then 20K 

and i also paid labour for there meal and travelling exp and also house rent so how can i shoe this expenses in tally prime

please help me

Per person labour charges is less then 20k montlhy 

Originally posted by : Priya Ganeshh
Per person labour charges is less then 20k montlhy 

You mean labour charges like get services from any other supplier/creditors

Or 

Labour means Employees....???

 

For all workers if it is 20k it's below the threshold for any TDS applicability. Anyways, tds not applicable here cause it's not perks. 192b also not applicable as per slab rates

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details