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Wednesday, January 27, 2021

Tax for old vehecles releted latest news

 Minister for Road Transport and Highways Nitin Gadkari has approved a proposal to impose a road inexperienced tax on previous vehicles that colly the surroundings. The Ministry of Road Transport and Road Transport has aforementioned it'll be sent to the states for consultation before its formal implementation. The ministry says that at the time of fitness certificate renewal on transport vehicles older than eight years, a inexperienced tax of ten per cent to twenty five per cent might be levied at the speed of road tax.

The tax will be levied on personal vehicles older than fifteen years. So, transport vehicles like town buses etc. can ought to pay less inexperienced tax. In extremely contaminated cities, a most of fifty per cent inexperienced tax is levied on registered vehicles. However, taxes could vary reckoning on the fuel and therefore the vehicle.

rom this, the tax won't be levied on hybrid, electrical vehicles and various fuel vehicles like CNG, ethanol, LPG vehicles. additionally, inexperienced tax won't be levied on agricultural vehicles like. 

Motor insurance is necessary for all the two-wheeler and hackney carriage vehicles like cars, bikes, scooters, trucks that ar plying on the roads in India. Vehicle homeowners will avail motor insurance even for business vehicles further. 

motorized vehicle insurance is that the most vital document for all vehicle owners/drivers. Its main objective is to grant complete protection against physical injury or loss sustained by the insured vehicle from natural and artificial  calamities.


ગુજરાતીમાં વાંચવા અહીં ક્લિક કરો

Source:- GSTV NEWS

excluding the own-damage cowl, the automobile contract additionally provides coverage for third-party liabilities, arising out of any accidental injury, injury or death of a third-party. this fashion the policy ensures peace of mind and security on the roads.

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