Go Back   Team-BHP > BHP India > Team-BHP Reviews > Indian Car Loans & Insurance


Reply
 
Thread Tools Search this Thread
Old 15th January 2008, 23:13   #1
BHPian
 
Join Date: Feb 2007
Location: Bangalore
Posts: 101
Thanked: 9 Times
Default Help with LTT in KA for re-registration

Hi All,

Can anyone tell me the basis of calculation of LTT to be paid for transfer of my Tata Sierra Turbo (originally registered in Jan-1998 in Kerala).

At Bangalore RTO (at KR Puram), they made me pay Rs.22070/-(twenty two thousand seventy) as LTT and threatened me that they can put penalty for the delay in paying road tax as by my own admission vehicle was being used for the last nine months in Bangalore. Though I managed to avoid paying 'penalty', I feel, tax calc has gone wrong. I am yet to submit the NOC for re-registration in KA.

As I do not have the invoice (am the third owner of my Sierra), tax calc was based on an invoice value of Six Lakhs.

Regards,
Viju
vijuvarghese is offline   Reply With Quote
Old 16th January 2008, 07:36   #2
Senior - BHPian
 
mithun's Avatar
 
Join Date: Jan 2006
Location: Cochin
Posts: 1,950
Thanked: 49 Times
Default

Mods : Wrong section

They have cheated you of 22070. If you try to sell it off, you can't recover that money back.
mithun is offline   Reply With Quote
Old 16th January 2008, 08:36   #3
Team-BHP Support
 
Join Date: Feb 2004
Location: Bangalore
Posts: 11,890
Thanked: 9,723 Times
Default

45% (depr) * 9% (tax rate) * 600000 = 24000

You got off lightly mate!
ajmat is offline   Reply With Quote
Old 16th January 2008, 11:22   #4
Senior - BHPian
 
spadival's Avatar
 
Join Date: Oct 2004
Location: Dayton, OH
Posts: 1,770
Thanked: 15 Times
Default

You should have asked them to keep the vehicle !! How much did you buy the Sierra for?

Frankly, LTT charged for registering second hand vehicle is way too high relative to the value of the car. I paid LTT of 30k for a 2004 Baleno in TN. But then Govt agencies don't look at market value nor can they in any practical situation.
spadival is offline   Reply With Quote
Old 16th January 2008, 13:11   #5
BHPian
 
Join Date: Feb 2007
Location: Bangalore
Posts: 101
Thanked: 9 Times
Default

The whole exercise was for the fact that I am gonna keep the vehicle for long term. Also do not want to feed to RTO checking/traffic police pocket money.

I bought the vehicle in engine reconditioned, painting and upholstery work done condition for 1.5Laks. And have changed all unreliable/old parts, tyres, etc and brought it to my satisfaction. So it costs a lot more to me.

Ajmat's calc almost matches RTOs, but I remember reading in papers that tax structure for old vehicles in KA was brought down in some recent budget.
vijuvarghese is offline   Reply With Quote
Old 16th January 2008, 13:56   #6
BHPian
 
m3_07's Avatar
 
Join Date: Oct 2007
Location: Bangalore
Posts: 263
Thanked: 181 Times
Default

@Viju,

Why don't you casually drop in at some other RTO & do a enquiry for a supposedly friend???
m3_07 is offline   Reply With Quote
Old 16th January 2008, 16:35   #7
BHPian
 
Join Date: Feb 2007
Location: Bangalore
Posts: 101
Thanked: 9 Times
Default Next step

I shall do that as a next step
vijuvarghese is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Registration expiry and re-registration/renewal process rex_varghese The Indian Car Scene 49 30th October 2017 16:23
Transfering from Company registration to Individual registration joshi_pravin The Indian Car Scene 11 5th September 2016 10:11
Help with Temporary Registration zabcd The Indian Car Scene 30 29th April 2015 10:36
KA LTT Refund Instructions Anyone? meerkat The Indian Car Scene 26 29th May 2014 13:31
SWIFT - Delhi Registration V/s Gurgaon Registration Tarunl Indian Car Dealerships 27 15th August 2010 06:24


All times are GMT +5.5. The time now is 03:23.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks