PROPERTY TAX EXPENSE
kuldeep satyadev (72 Points)
22 January 2019
How can we show in tally property tax paid ?
6 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 January 2019
Property tax paid if related to business then it will be expense account debit to bank and if in personal nature then capital to bank
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 January 2019
I have written up
Harshavardhan
(student)
(138 Points)
Replied 22 January 2019
Property tax relating to business is allowed as expense and entry will be Debit Property tax (under head indirect expense) and credit bank
Harshavardhan
(student)
(138 Points)
Replied 22 January 2019
In tally while creating ledger Property tax select the head indirect expenses
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