PUNE: In a major relief for taxpayers, the state government on Wednesday gave its nod to continuation of the 40% rebate on property tax, a scheme that was introduced in 1970 but discontinued in 2019. Scrapping of the rebate in 2019 drew sharp reactions from citizens as nearly 8 lakh property taxpayers were affected by the decision. The taxpayers will …
State governments will be asked to offer a road tax rebate of up to 25 per cent for personal vehicles that are purchased after scrapping old vehicles under the national automobile scrappage policy, the Union government said on Tuesday. In March, Road Transport and Highways Minister Nitin Gadkari told Parliament that state governments may be advised to offer a road …
Presenting the Union Budget 2021, Finance minister Nirmala Sitharaman announced the much-awaited “Vehicle Scrappage Policy". Soon after, Union Minister for Road, Transport and Highways Nitin Gadkari revealed the details in a Lok Sabha session and notified the new vehicle scrappage policy mentioning that the full roll-out of the policy will take place in the coming days. While nothing much has …
