The Delhi Motor Vehicles Taxation (Amendment) Act, 2004
The Delhi Motor Vehicles Taxation (Amendment) Act, 2004
Tax200412 sections
The Delhi Motor Vehicles Taxation Amendment Act of 2004 regulates the taxes paid on motor vehicles within the National Capital Territory of Delhi. It applies to local vehicle owners, including those purchasing new vehicles or bringing in vehicles previously registered in other states. The law matters because it updates how these taxes are calculated, establishing a system where vehicles costing up to four lakh rupees are taxed at two percent of their cost and expensive ones at four percent. By adjusting initial tax calculations and allowing the local government to modify rates, it directly impacts the financial cost of vehicle ownership.
- 0. Preamble
- 2. Ccncra1.-Througl~ou( thcDelhiMo~orVchiclcsTavationAct 1962fierci-er referrcdtoas"Lhc principal
- 3. *,a,+piil*
- 4. -4mendmcnt of scction 3.-In section 3 of he principal An-
- 5. Amendmentofsection4.411section4oftlieprincipalAct, insub-Won (2),forclatw@), rlu: followingshy .
- 6. Amcndqcnt ofsection3.-ln scction8oihe PrincipdAcl,forh ervotds,figuraandbrackcls"ChaptcrVIII
- 7. Amendmentofsection10.-In s d o n10oftheprincipdAct,- . 1.1 I
- 8. hmcndmcnt ofsccricrn 21.-In seaion 2 L oltl~c principal Act, for the ivords''lMagisuateof thc sccond clx~".
- 9. Ihe words "ivlcuopolitanMagisrratc"shall be subslilulcd.
- 10. AmendmentofScbeddeL 4 n SchedllleIofthePrincipalAd.($ forPan8,thefollowingshallbcsubnihled, namely:-
- 11. Omissionof ScheduleIAandScheduleIB.-The ScheduleIAandSchcbulctB ofrhcprincipalAct shallbe : i
- I. Short titlc, cxlcnt and cornme~~cemcnt.-+l)This Acr may bc callcd lhc Dzthi Molor \lchicles T;ls;rtion (Atncndl~rcnl)Act, 200.1.
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