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Maharashtra: 15 pc tax rebate for new vehicle if old one is voluntarily scrapped

A statement from the Chief Minister's Office (CMO) said tax concession of 10 per cent will be given to transport vehicles voluntarily scrapped within eight years of registration at a Registered Vehicle Scrappage Facility (RVSF) and to non-transport vehicles voluntarily scrapped within 15 years of registration

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The Maharashtra cabinet on Tuesday decided to provide a 15 per cent tax concession to owners who voluntarily scrap their vehicles when purchasing a new one of the same type, reported news agency PTI.

A statement from the Chief Minister's Office (CMO) said tax concession of 10 per cent will be given to transport vehicles voluntarily scrapped within eight years of registration at a Registered Vehicle Scrappage Facility (RVSF) and to non-transport vehicles voluntarily scrapped within 15 years of registration, reported PTI.

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