Entry for income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2018
I am Trader/Sole Proprietor,i have paid income tax and passed an payment entry i.e credited bank account and debited income tax account in tally (Created income tax under ledger duties and taxes).,is any additional entry required to be passed;if yes then why it is need to be passed
25 June 2018
Income Tax paid amount accounted in Capital Account (proprietor Account)
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