Grampanchyat

This query is : Open

survesh (Querist)
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30 June 2010 Dear Sir,

A Prop. has purchased Land.The Land is Capitalized in FY 2009-10.In April he Has paid Grampanchyat Dues say about 60,000.00

What Should we the Account head for Such type of Expenses.what entry should i Pass in Books of Accounts

Regards

Shyam Lal Naik

Shyam Lal Naik (Expert)
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30 June 2010 Grampanchayat Dues ?

I think it is a tax levied by the Local Governmant. May be "Land Revenue"

CA Kamal Gangaramani

CA Kamal Gangaramani (Expert)
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01 July 2010 give more clarification about use of land and then someone can give you proper advise.

if land is used for consturction on property, or used for giving on rent for various occasion, it may have different meaning and different entires

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