1)Cash gift received from relative 50000.
2)Purchase of site and registration charges entries for tally.
The cash gift shall accounted as follows.
Cash a/c ……………Dr 50000
To; Capital a/c 50000.00
In tally , Go to
Accounting Voucher > F6 Receipt
Select cash after account
Under particulars select capital account enter amount
Remember gift of more than 50000 is taxable as per income tax.
For purchasing site or land
Land Account ……… xxxxxx
To; Cash/Bank xxxxxxx
The incidental charges including the registration charges are the part of Fixed asset.
In tally ,You can use Purchase voucher to record this transaction.
Accounting Voucher> F9 Purchase
Click F12 Configure > F12 Advanced
Allow expenses/fixed asset for accounting allocation : Yes
In purchase voucher click on as voucher mode. or use shortcut key Ctrl+V
Debit, Land account with including reg and incidental expenses.
Credit cash or bank account.
Enter all details of land purchase in narration.
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