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  1. Diwakar
  2. RTO Registration & Tax
  3. Saturday, May 11 2019
Can new car rc can be transfered ? If it is gifted. Then how much amout we have to mention for sale because it is gifted? Can we fill it nil.
Admin Accepted Answer

As you referred new car rc - do you mean that vehicle (although few days old) but is already registered in name of some owner and if that owner gifts then what amount needs to be mentioned in

Well if the reason is for
> Road Tax - then in most of the states no road tax is payable on used car
> Income Tax - then 15% depreciation is deducted on car price and exemption threshold to the best of our knowledge is 50,000 - suggest to connect with CA who can guide on amount of gift tax on car

Hope should help !!

  1. more than a month ago
  2. RTO Registration & Tax
  3. # 1
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