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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 July 2014 road tax is also kind of tax so its grouped there

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