Road tax payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2014
My Company has purchased a car in 2009 and has paid Road Tax for 5 years. Now in 2014 we are liable to pay the Tax again.
So my question is whether we have to Treat the Road Expenditure as Capital Expense or it would be a Revenue Expenditure? And if its a Revenue Expenditure then under which head it would be charged?
So my question is whether we have to Treat the Road Expenditure as Capital Expense or it would be a Revenue Expenditure? And if its a Revenue Expenditure then under which head it would be charged?
17 July 2014
it will be shown under rent rates and taxes.........
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2014
Sir whats the logic of showing it under RRT?
17 July 2014
road tax is also kind of tax so its grouped there
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