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India levies additional tax on car sales as "Infrastructure Cess"
India has introduced an additional tax on new car sales. In his annual budget "Union Budget 2016" released on February 29, Finance Minister Arun Jaitley proposed to levy an "Infrastructure Cess" of up to 4 percent on new passenger vehicles.
The budget proposes a 1 percent tax on cars less than four meters long and w....
The budget proposes a 1 percent tax on cars less than four meters long and w....
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