August 30, 2017 / 7:05 AM / 5 months ago

Cabinet approves hike in additional tax on luxury cars, SUVs: source

NEW DELHI (Reuters) - The Indian cabinet on Wednesday approved raising a levy on luxury cars and sports utility vehicles to 25 percent from 15 percent, a government official with knowledge of the decision said.

The new levy is in addition to taxes on the sale of luxury vehicles.

Reporting by Nigam Prusty and Tommy Wilkes; Editing by Malini Menon

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below