Taxation Rules - Nuggets.

A glance of important provisions of this Rule are detailed below.

Rule 3:- States under what circumstances a Nil Assessment can be made. It deals about the conditions under which a vehicle can be exempted from payment of tax.

Rule 7:- Envisages the last date for payment of tax for various vehicles. It also stipulates that the demand draft taken on the last date can be presented in the next two days.

Rule 8:- fixes the penalty amount for late payment of tax. It dwells on the amount of penalty with reference to the belated payment for various classes of vehicles.

Rule 9:- gives powers to seize the Registration certificate of the vehicle where non payment is noticed.

Rule 11:- calculates the amount of tax to be refunded in case of stoppage of vehicles.

Rule 11-A. elaborates how a life tax already paid for a non transport vehicle can be refunded in case the vehicle moves to Other States and re-registered there.