tally

This query is : Resolved

gurru (Querist)
Follow

04 November 2009 i want to know where we add closing balance of last year tds and advance tax in tally. iam opening company of 2009-10 in tally. i want to know under which head should i add last year closing balance (2008-09) of tds & advance tax in tally

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
Follow

04 November 2009 Open an Ledger A/c for Advance Tax and TDS under Current Assets and write/fill up the opening balance in the required space.

G.Ramesh

G.Ramesh (Expert)
Follow

04 November 2009 Agree with the expert

Upgrade to CAclubindia Pro. Subscribe Now!

chetan soni

chetan soni (Expert)
Follow

04 November 2009 yes, agree with expert. Also note at the time of assessment order pass entry to adjust the income tax liability with advance tax & TDS.