Search results
Results from the WOW.Com Content Network
In the United Kingdom it is a requirement to pay Vehicle Excise Duty (VED), which is commonly called road tax or vehicle tax, this is paid annually to the government for a vehicle licence. [36] Previously, vehicle licences in the form of paper tax discs were required to be displayed on vehicles, and this licence would remain valid until its ...
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
Prior to 2014, UK vehicles were required to display a tax disc as evidence of payment. VED across the United Kingdom is collected and enforced by the Driver and Vehicle Licensing Agency (DVLA). Until 2014, VED in Northern Ireland was collected by the Driver and Vehicle Agency there; responsibility has since been transferred to the DVLA. [5] [6]
India has abolished multiple taxes with passage of time and imposed new ones. A few of these taxes include inheritance tax, [5] interest tax, gift tax, wealth tax, etc. Wealth Tax Act, 1957 was repealed in the year 2015. [6] Direct Taxes in India were governed by two major legislations, Income Tax Act, 1961 and Wealth Tax Act, 1957.
The Motor Vehicles Act is an Act of the Parliament of India which regulates all aspects of road transport vehicles. The Act provides in detail the legislative provisions regarding licensing of drivers/conductors, registration of motor vehicles, control of motor vehicles through permits, special provisions relating to state transport undertakings, traffic regulation, insurance, liability ...
Direct tax in the form of an income tax was introduced by the British in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [5] The organizational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act, 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
The most popular is "Vehicle verification via SMS Services" launched by the Excise Department of Pakistan in Punjab and separately in the capital Islamabad in 2013. [11] In Sindh or KPK, new or used vehicles are verified online by the Motor Transport Information Management System (MTMIS) using sites: MTMIS Punjab; MTMIS KPK; MTMIS Islamabad ...
The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1 April 2005. Every dealer, who becomes liable to pay tax under the provisions of MVAT, shall apply electronically for registration, within 30 days from the date of such liability. VAT is implemented by Department of Sales Tax.