New Delhi : If this proposal of a high-level government panel is accepted, buying a new vehicle could make your wallet much lighter in the years to come.
To reduce the use of personal vehicles and check vehicular pollution, the sub-committee on financing urban infrastructure during the 12th Plan (2012-2017) – headed by urban development secretary Sudhir Krishna – has proposed a series of measures, including levying an urban transport tax on purchase of all new cars and two-wheelers. In its report submitted last month, the panel recommended 7.5% additional tax on purchase of petrol vehicles and 20% on that of diesel vehicles. Read more
Source : www.hindustantimes.com