Answer Posted / deepak bansal
tds receivables Dr
party a/c
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Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
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I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
What is meant by asset clearance . how should i make my entries in tally
