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On which value, the original invoice of the vehicle or the price that I have paid, will the LTT be calculated for re-registration of the vehicle in Bangalore as I am buying a pre-owned 2 wheeler from Pune which is 5 years old?
On which value, the original invoice of the vehicle or the price that I have paid, will the LTT be calculated for re-registration of the vehicle in Bangalore as I am buying a pre-owned 2 wheeler from Pune which is 5 years old?
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GauthamAnswered on January 07,2020
Life Time Tax (LTT) will be calculated based on the invoice value of the vehicle and not on the price you have paid.
You can check this link to calculate the road tax in Bangalore.
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