Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 New tax regime vs old tax regime: What's point at which tax outgo is the same in both regimes? Check salary and deduction levels
 Advance Tax Paid, Do You Still Need To File ITR? Check Details Here
 Centre seen to have met FY24 gross tax target
 6 income tax rules that salaried should know as financial year 2024-25 starts from today
 How to calculate income tax on stock market gains along with your salary?
 Moonlighting for Additional Income? Know Its Tax Implications
 Have you claimed education cess? Be prepared to pay tax as per the new rules
 Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
 How is tax computed for selling a house?
 How much tax do you pay on equity investments?
 Fuel taxes: Centre s gains striking since FY16

Govt decides to reduce toll tax on multi-axle vehicles
November, 16th 2010

The transport ministry is believed to have decided to reduce the toll tax on multi-axle vehicles, one of the main demands of truckers who have threatened to go on an indefinite strike from December 5.

"In the meeting held with the AIMTC -- the truckers association -- on Friday, the government had agreed to reduce the toll tax on multi-axle vehicles to Rs 2.50 per kilometer from existing Rs 3.45 per km," a source said on condition of anonymity.

However, this could not be officially confirmed. Officials of All-India Motor Transport Congress (AIMTC) could not be reached for comments.

Sources in the ministry added that truckers wanted parity between the toll paid on two-axle vehicles and those paid on multi-axle vehicles.Earlier in the day, AIMTC threatened to go on indefinite strike from December 5, if toll taxes are not rationalised.

"Our main demand is rationalisation of heavy toll being collected at the toll plazas, removal of perpetuity clause of Toll Act 1997, reduction of toll on multi-axle vehicles among other issues," AIMTC President G R Shanmugappa told reporters here.

Perpetuity clause of Toll Act 1997, means that even after the recovery of capital cost by the developer, the toll collection would continue till the government takes a call.

"Ministry was of the view that the tolls will be for perpetuity as money would be needed for the highways programme and for maintenance," the official added.

Shanmugappa added that AIMTC has reminded the government that more than 25 per cent of the toll plazas have already recovered more than principle amount along with interest and are making abnormally high profits and it is not justified.

AIMTC said that if their demand is not met by November 25, over 70 lakh truckers will go off the road and the strike would be extended to other segments such as tempos and small goods carriers.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting