If I get appriciation on the property, how should i make this entry in tally?



If I get appriciation of Rs. 150000/- on my property up 31.03.2008, should i debit Property account and credit capital account for this entry? if yes, how will appriciation account be shown on balance sheet? would the appriciation account be taxable?
Please clearify this.

If I get appriciation on the property, how should i make this entry in tally?
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2 Replies to “If I get appriciation on the property, how should i make this entry in tally?”

  1. You don’t do anything in the Journal and Ledger. Under normal circusmtances, recording anticipative income or gain is not allowed.


  2. No …
    It’s not allowed. You are to keep only the “historical price” in your books of accounts… nothing for the appreciation of value the property.





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