New Vehicle Scrapping Policy: If you are thinking of buying a new car and want you to get a good discount on it, then we tell you a better way. If you have an old car, then you can get a benefit of up to 50 percent on tax on buying a new car. The government has issued a notification for this and people can get the benefit of buying a new car on scrapping the old car. What has been said in it and how you can take advantage of it, tell you in detail.
Big discount being received under Vehicle Scrapping Policy
Actually, the government wants to remove old vehicles from the roads, so that pollution is less spread and people should buy new vehicles. To encourage this, a scrap policy was introduced and in this connection, the tax benefits that used to buy a new car by scrapping the old car by scrapping the old vehicle have now been doubled. Earlier, 25 percent tax benefit was received, if you scraped the old car and buy a new car. It has now been reduced to 50 percent, that is, if you have an old car and you buy a new car by scrapping it, then you will get 50 percent benefit on tax on the new car here. As we told you that it has been discounting 50 percent as compared to 25, then people will now get double the benefit here.
Learn what is new vehicle scrapping policy
Actually, people can take advantage of this tax benefits on the same trains, which are BS2 or from the old vehicles. Now I will also tell you further how old BS1 and BS2 are cars, but in this rule it has been said that if you buy a new car, then scrapping the vehicles that are BS1 or older, then you will buy a new car, then you have a tax benefit of 50 percent. Will be able to meet on the new car. You will find up to 25 percent on the new vehicle on tax exemption on the vehicles of BS2.
