Property tax

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srinivas

srinivas (Querist)
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30 March 2016 hi
i want entry in tally property tax, pleas tell the entry and under.

PRADEEP KUMAR VATS

PRADEEP KUMAR VATS (Expert)
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30 March 2016 Dear

Entry will be:-

Property tax ac dr xxxx
To Bank or Government authority xxxx

It will be booked under rates and taxes.

Regards
Pradeep

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Amol S Joglekar

Amol S Joglekar (Expert)
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30 March 2016 Assuming the same is for business purpose, the entry as given by Pradeep Kumar Vats is right.
If the same is not for business purpose, then debit drawings account and credit bank/cash account (As the case may be)

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