I need a view on road tax rule for re-registration of outer state vehicle.
For an 8 year old vehicle the depriciated value of the vehicle is 73.3%. Now the RTO tax when purchased was 4%. Today it is 11% (in other state). So during re-registration the tax paid for 8 year old vehicle is 8% of original value of car (which is double amount to the original road tax).
I have 2 questions to this theory:
1. When road tax is paid, it is paid for driving full 15 yrs on road. But for 8 yr old vehicle, it will be driven for rest 7 yrs only. So why should payment be done at the current rate.
2. If payment is done at current rate, then technically the vehicle should be allowed to be driven for another 15 yrs.
I hope someone can clarify on the above 2 points.