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Stamp duty Entry in tally

Others 6647 views 4 replies
I have paid Stamp duty on Morgage deeds.
so what entry will be passed in tally?
please mention head of stamp duty.
Replies (4)
Quick Summary
Discussion on accounting entry for stamp duty paid on mortgage deed for business loan. Stamp duty is generally treated as �Preliminary Expenses� or �Legal & Professional Charges� depending on purpose. If related to loan renewal, it may be capitalized or treated as business expense in Tally.

Here first you have clear for which purpose you made mortgage deed.. and you are accounting for business or personal purpose
It was my for business purpose..
and purpose was for renewed my CC Loan from Bank

I have paid Stamp duty on New Flat. so what entry will be passed in tally? please mention head of stamp duty.

Read more at: https://www.caclubindia.com/forum/stamp-duty-entry-in-tally-546942.asp

I have paid stamp duty  for business purpose loan

 


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