Lpg subsisdy

LPG Subsidy is a Capital Receipt which should not come under the perview of Income Tax.  Create the ledger LPG Subsidy (to be created under Capital in Tally). On receipt of LPG Subsidy, the following entry is to be passed :

Bank A/c Dr

To LPG Subsidy A/c.

Thus the amount gets adjusted with Capital Balance.

Dear Sir,

We have Received the LPG SUBSIDY Saving Bank Acct 

Which head in tally

Dear Sir,

We have Received the LPG SUBSIDY Saving Bank Acct 

Which head in tally