If road tax is a routine expense for your business, then yes. Generally Yes in case of transporters. However, one time road tax while purchasing the truck shall be capitalised to the value of truck.
I am a school and buses are for transportation purpose of students. Road tax is paid for school buses. Then according to your explanation , road tax is not deductible in p and l account..Is this interpretation correct.
If road tax is paid on some year on year basis, it is deductible under p/l even if it is a school. However,road tax paid for the first time at the time of purchase of school bus is not deductible under p/l.
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