Assistant Manager Tax Question:
Explain motor registration fee and taxation?
Answer:
Motor vehicle Tax is levied on every motor vehicle registered in any district with registration fee. Vehicle registration involves the recording of a motor vehicle in the official records after due verification. Vehicle registration is mandatory/compulsory under the law and is essential to prove the ownership of a vehicle. It is also required during the sale of a vehicle and transfer of its ownership.
Previous Question | Next Question |
What is considered as accrued income? | What is hotel taxation? |