Namaste sir...plz guide me in this query. In Balance sheet of 31 Mar,2017,Capital amt shows Rs.25,00,000/-only.In Current asset ,Advance Income Tax shown Rs.40,000/-only.After assessment ,there was no need of additional requirement of Income Tax so all that amt returned back to Capital a/c.What will be Journal Entry for this transaction and when I entered it Tally, it decreses Capital Balance.

Thanks in advance.

Hemant

902 909 2031

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