Meaning of 2 accounts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2010 Hello,
What is the nature of these two expense A/cs? I mean what kind of expenses are debited to these accounts?
1. Rates & Taxes
2. Fees & Stamps (does it include postal & agreement related stamps?)

thank you.

CA SMR

CA SMR (Expert)
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14 August 2010 1. Rates & Taxes-Profession Tax on Company,Directors,Taxes like WCT,Income Tax which is expensed out instead of recovery from the contractor;
2. Fess & Stamps-Stamp duty paid on agreement,notary fees..