Delhi government to give 20 percent discount on new cars! You just have to do this

New Delhi: Delhi government is planning to give tax concessions on scrapping old vehicles, proposal sent to LG. The Delhi government is planning to give tax concessions on scrapping old vehicles and has sent a proposal to Lieutenant Governor VK Saxena for approval.

The government has decided to provide concession in motor vehicle tax for registration of new transport and non-transport vehicles, provided a certificate of deposit is submitted for the old vehicle handed over for scrapping at the Registered Vehicle Scrapping Facility (RVSF).

Delhi Transport Minister Kailash Gehlot said the policy aims to phase out old, polluting vehicles and promote the use of new, cleaner vehicles. “By offering tax concessions, we hope to make it easier for vehicle owners to adopt more eco-friendly options,” he said.

For non-transport vehicles, the concession includes a 20 per cent reduction in motor vehicle tax payable on registration of new petrol, CNG or LPG vehicles and a 15 per cent reduction for new diesel vehicles, a statement said.

Check Also

Fed rate cut’s impact on India’a IT stocks! These shares including TCS weakened

The impact of the 50 basis point bank rate cut by the Federal Reserve in …