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The Financial Express

Surcharge on double-car ownership

| Updated: June 07, 2018 19:56:49


Surcharge on double-car ownership

A surcharge has been proposed to levy on people with two motor cars or house property with an aggregate area of 8,000 square feet in a city corporation.

He said this while placing the proposed budget before the parliament today.

At present, wealthy individuals in the country pay a surcharge based on their disclosed net wealth. This provision of surcharge has been in effect for last few years.

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