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tax

This query is : Resolved 

29 October 2009 we are a firm(distributor & agent). we are having four transport vechiles.we have paid road tax of Rs 20000 on them. i want to know,whether road taxes are taxes or expenses.In our account books,where we should include them.In duties & taxes a/c or indirect expenses a/c.

29 October 2009 Every compulsary payment required to pay is consitute a tax,

so are doing the right thing to inclde as duties and taxes,



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