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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Movement of goods by packers and movers - type of sale - Reg.
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Missed uploading GST Invoice
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- RCM and same line
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
