Telephone expense for company propreitor personel

Dear Sir,

 

  Kindly suggest me Company propreitor individual telephone expense how can i make entry in tally in which accounting head in individual telephone expense

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Quick Summary
This discussion explains how company proprietors can account for their personal telephone expenses. The recommended accounting entry in Tally is to debit 'Telephone Expense' under Indirect Expenses and credit 'Cash' or 'Bank'. Importantly, these expenses can be claimed as deductions under sections 30 to 38 of the Income Tax Act 1961.

Individual telephone expense can be claimed as deduction from sec 30 to 38 of the Income Tax Act 1961.
Accounting Entry in Tally will be under Indirect Expenses Head:-

Telephone Expense A/c Debited
Cash or Bank A/c Credited

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