Central staffers will have to pay lifetime tax for vehicles

Add This To Del.icio.us Share on Facebook StumbleUpon This Add to Technorati Digg This Pin It

Thousands of central government employees, including armed forces personnel, residing in Karnataka and owning motor vehicles will now have to pay lifetime tax (LTT) for their vehicles. The employees had been granted exemption from paying LTT when buying new vehicles in the state or bringing them from other states on the ground that they could be transferred out of Karnataka anytime. These motorists had to pay an annual tax to RTO. However, a new rule that took effect on January 1 has withdrawn this exemption partially. While those central government employees bringing in their vehicles from other states need to pay only annual tax as earlier, those already in Karnataka will have to pay LTT for vehicles they have already purchased here or going to buy in future. Courtesy:TOI Share and Care

For Latest Updates Always Visit http://satish24k.blogspot.com/

PrintPDF

For Further Reading,

EMPLOYEES NEWS, NEWS