Re: Budget 2016 & Indian Cars: All you need to know Quote:
Originally Posted by drsingh Maruti is smiling. And so are Maruti's lobbyists. |
So agreed! Maruti's network, contacts & influence at the center have played a role in all the hybrid benefits they enjoy. Quote:
Originally Posted by xs2mayank Agreed that mild hybrid does not make much of difference and might just be a gimmick to increase fuel efficiency and get some tax benefits. But they may act a seed for development of fully hybrid technology where Indian manufacturers are lagging far behind right now. |
I don't agree. We are the masters of jugaad. The only thing SHVS benefits will result in is everyone else bringing their own 'mild hybrid' systems. Remember how Mahindra magically lowered the XUV500's ground clearance overnight? Quote:
Originally Posted by autobahnjpr It needs to be seen how TCS system will work in case the vehicle is bought in the name of a company or an organization. Will they also have to pay tax and claim TCS? |
Absolutely. Why not? Companies should also pay TCS. Quote:
Originally Posted by RoadSurfer Mild or Mirco, is a hybrid. So any car with this technology will be spared from the new "Infrastructure cess". M&M will benefit the most. I think all M&M vehicles will come with Micro hybrid as standard soon. |
I can call a potato a tomato, but that doesn't make the potato a tomato.
Mahindra's micro-hybrid system is nothing but an idling start / stop system. Quote:
Originally Posted by RJ2285 Does the Honda City - V MT priced at an ex-showroom 8.95L Mumbai fall under the 4% infrastructure cess as it has a mention of small petrol cars up to 1200cc and diesel cars up to 1500cc.
What about 1500cc petrol engines that fall under 10L ? |
It would be awesome if you could please read my opening posts again. It's very clearly explained. Don't intend to be rude at all buddy, & am making a polite request. Such posts really bring no value to forum discussions. Quote:
Originally Posted by chandrda I was worried during the budget session as the car Industry was asking the Government to scrap cars older than 15 years. I had recently poured over 2.5 lakhs on my close to 13 years Fiat Palio GTX. Nothing that sort of thing happened. |
And it never will. At least not universally across India. There's no chance. In a country where car penetration levels are so poor, there are families that can only afford a 20 year old Maruti 800 and it suits their requirements just fine. Quote:
Originally Posted by adithya.kp I am surprised they havent absorbed in creta too. |
Why would they absorb the tax impact on a car that is sold out for the next 6 months? Demand is clearly exceeding supply.
On the other hand, that's not the case with the Santa Fe. Which is why we see Hyundai taking some of the tax hit. Quote:
Originally Posted by i74js I think there should be a way out wherein the TCS can be attributed to the person paying for the car and it can be registered in the name of spouse as Gift. |
I sure hope not! Else, every person with black money will ask his 'tax-paying friend' to pay the TCS on his behalf. Will also give rise to a black market where people offer to pay TCS in exchange for $$$. Quote:
Originally Posted by timuseravan And is >10lakh really luxury now? Most top end variants of hatches cross that limit nowadays. |
In a country where 40 out of 1000 people own cars, yes, million rupee cars are a luxury. Quote:
Originally Posted by Chethan B G TCS / TDS once collected, HAS to be deposited in the respective account in the following month. Failure to do so is equal to a criminal offense. Dealers will be very careful with this - One cannot rotate funds collected as TCS / TDS. |
Don't we still hear of companies that used up the TDS & collected service tax for their own expenses? An example from an excellent article: Quote:
To add to it, Vasan had failed to deposit with the government tax deducted at source (TDS) of Rs.19.22 crore that it had deducted from the salaries of its employees in 2012.
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Last edited by GTO : 2nd March 2016 at 13:44.
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