What all expenses can be accounted under Rates & Taxes?
Tom S Peter (Article) (148 Points)
22 July 2011What all expenses can be accounted under Rates & Taxes?
CMA Shilpa Shinde
(COST ACCOUNTANT)
(217 Points)
Replied 22 July 2011
Dear Tom,
Rates and Taxes are the charges or fees which are generally payable to Government (local, state, central),
Thus, these expenses includes following,
- Municipal Taxes (Property / housing tax)
- Fees payable for filing e-tds return
etc.
Tom S Peter
(Article)
(148 Points)
Replied 22 July 2011
I'm thankful for your reply,but just i'm asking...
If we are paying fee for inspection on our machinery done by a party (non-Govt) ,can we account it as rates & taxes?
CMA Shilpa Shinde
(COST ACCOUNTANT)
(217 Points)
Replied 22 July 2011
mekhala bansal
(GURGAON)
(116 Points)
Replied 07 September 2018
Can we use rates & taxes g/l for interest on TDS ?
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