Second Car life tax to be dearer; Parking place need to be shown for registration
Hyderabad, September 19, 2007
It is all about aiming at ensuring smooth traffic on roads but at the same time, the State Transport Department is ensuring it is getting more revenue in the process. A meeting which is presided by the Chief Minister recently has asked the the Transport Department to chalk out a plan to reduce vehicular traffic on road and to make its operations more smoother. The officials of the Department took to some brain work and has come up with few plans and proposals which are forwarded to the Government for its approval.
Considering the fact with growing income levels, many people have begun buying a second car. Cars come next to two-wheelers when it comes to vehicular traffic on Andhra Pradesh roads. Looking at this, the Department felt it is time to hike the life tax on the second car. Life Tax on second car would hence become dearer. The second car would attract a 12% life tax as against to the present life tax of 9%. The vehicle owner also needs to show the parking place for the car at the time of the car registration. The place could be owned by the owner or could be rented. This way the Department is ensuring it will over come parking menace too. Car owners, many a times, park their car outside their building premises congesting the roads on the streets.
Another proposal put forth is to increase the vehicle tax on the bus operations of the Andhra Pradesh State Road Transport Corporation (APSRTC). It may be recalled that the state run APSRTC has struggled over the past few years to generating profits and turned green only recently. With improved occupancy ratio, APSRTC began generating profits which have fell under the radar of the Transport Department. At the same time, bus operations of the Tourism Department too would get the stick. It is proposed Tourism Department bus services be taxed considering that the Tourism Department is actually running the buses in a commercial manner. The per-seat monies that SETWIN pays to the Government on its transport operations would get dearer. If accepted, these proposals are sure to generate good revenue for the State Government's kitty.
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