Property tax

This query is : Resolved 

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

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

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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