Life tax for new car only on invoice value: Court rules
Beeps By | Nov 30 -0001

The Hyderabad HC has ruled that the life time tax can be collected only on the actual invoiced value of the car and not on the ex-showroom price. Considering the fact that several dealers offer discounts on their cars, the court said that the life tax is to be calculated on the cost of the vehicle and the law does not prohibit dealer from doing so.

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