THE KARNATAKA MOTOR VEHICLES TAXATION (AMENDMENT) ACT, 2012
(Received the assent of the Governor on the thirty-first day of March, 2012)
KARNATAKA ACT NO. 14 OF 2012
(First published in the Karnataka Gazette Extra-ordinary on the thirty-first day of March, 2012)
An Act further to amend the Karnataka Motor Vehicles Taxation Act, 1957.
Whereas it is expedient further to amend the Karnataka Motor Vehicles Taxation Act, 1957 (Karnataka Act 35 of 1957) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the Sixty third year of the Republic of India as follows:-
1. Short title and commencement:- (1) This Act may be called the Karnataka Motor Vehicles Taxation (Amendment) Act, 2012
(2) It shall come into force with effect from the first day of April, 2012.
2. Amendment of section 3.- In the Karnataka Motor Vehicles Taxation Act, 1957 (Karnataka Act 35 of 1957), (hereinafter referred to as the Principal Act), in section 3, in sub section (1), in the fourth proviso, after clause (c), the following shall be inserted, namely.-
“(d) in the case of Motor Cabs the cost of which exceeds Rupees ten lakhs, tax shall be levied at the rates specified in Part-A8 of the schedule”.
3. Amendment of section 4.- In section 4 of the Principal Act, in sub section (1), in the third proviso,-
(i) for the words “Union territories and”, the words and comma “Union territories,” shall be substituted;
(ii) after the words “having floor area not exceeding five square meters” the words “and motor cabs the cost of which exceeds Rupees ten lakhs” shall be inserted.
4. Amendment of the Schedule.- In the schedule to the Principal Act,-
(1) After Part-A7, the following shall be inserted namely;-
“Part-A8
[See Section 3 (1) ]
Lifetime Tax for Motor Cabs the cost of which exceeds Rupees ten lakhs
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