Tax waiver announced for tractors
THE GOVERNMENT has withdrawn the proposed one per cent motor vehicle tax on tractors purchased between 1995 and 2000. There would be no tax on the new tractors either.india Updated: Jan 07, 2006 20:02 IST
THE GOVERNMENT has withdrawn the proposed one per cent motor vehicle tax on tractors purchased between 1995 and 2000. There would be no tax on the new tractors either.
This was announced by the Chief Minister Shivraj Singh Chouhan in the State Assembly during the discussion on the Madhya Pradesh Motor Vehicle Taxation (Amendment) Bill- 2005, yesterday. The State Assembly passed the Bill that had proposed a tax of Rs 150 per seat per three months on the taxes.
The Chief Minister said realising the problems farmers would have faced because of the tax, the Government decided there would be no tax on old and new tractors. Transport Minister Himmat Kothari said the Bill had also given concession to small truck and dumper truck owners.
They had been given option that they could pay 10 per cent of the cost of these vehicles (up to two tonnes of
load capacity) as tax forever. The Assembly passed the Bill with voice vote. This step is being seen as promising.