TAX NEWS - 2010

India Tax: New tax proposals for personal vehicles in Daman and Diu

New Delhi, June 17, 2010 -- The Union Cabinet on Thursday approved the promulgation of the Daman and Diu Motor Vehicles Tax (Amendment) Regulation, 2010. The Regulation provides for levying one-time motor vehicle tax on personalised non-transport vehicles.

It also provides for levying a cess, namely, green tax on old vehicles of 15 years and above, in addition to tax levied under the Act at the time of renewal of registration.

The proposed Act also has provision for increasing the upper limits of the rate of taxation on transport vehicles keeping in line with the neighbouring states and as a resource mobilisation initiative.