💨 Abstract

In Mumbai, the Maharashtra cabinet has announced a 15% tax concession for vehicle owners who voluntarily scrap their vehicles and purchase a new one of the same type within three years. This concession applies to both transport and non-transport vehicles, with a 10% tax reduction for those scrapped within the specified timeframes at a Registered Vehicle Scrappage Facility (RVSF).

Courtesy: theprint.in

Summarized by Einstein Beta 🤖