Advance tax

This query is : Open

Amandeep Singh (Querist)
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21 September 2017
Dear Sir

I have paid my advance tax Rs .12000/-
Now please suggest how to make entry in tally

I have done advance tax Debite and bank Credit

Now guide for next

RAJA P M

RAJA P M (Expert)
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21 September 2017 Income tax : Just you ll create a Ledger as "Advance Tax paid" under revenue authorities.... Dr. Advance Tax paid - 12000 Cr. Bank A/c - 12000... At the time of accounts finalize you/auditor transfer the amount to liabilities head and also transfer proprietor / promoters account

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