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Bengaluru RTO Ferrari Case: A red colored Ferrari SF90 Stradel running on the streets of Bengaluru was confiscated in the case of tax evasion. This luxury car is about Rs 7.5 crore and Mahar …Read more
Ferrari SF90 Stradel (Photo- News18 Kannada)
Highlights
- 7.5 crore Ferrari SF90 seized in Bengaluru.
- The owner paid a tax of 1.42 crore and fined.
- Strict tax rules on luxury trains in Karnataka.
Road tax on expensive vehicles in Karnataka is very high. But the owner of this car neither registered it in Bangalore nor filled the road tax here. After receiving the information, Bangalore South RTO started the investigation and after checking the documents, seized the car.
The notice was sent to the owner, which said that if the tax is not paid by Thursday evening, legal action will be taken. After this, the owner immediately paid a tax and fine of Rs 1.42 crore.
One of the big tax recovery
It is considered to be one of the major tax recovery of Karnataka Transport Department. This case is part of a major investigation in Karnataka, in which RTO is adopting a strict attitude on tax evasion of luxury vehicles. In February too, the department seized 30 expensive cars, including trains like Ferrari, Porsche, BMW, Range Rover.
Registration required for a train running for more than a year
According to the law, if a vehicle runs in Karnataka for more than a year, then it is necessary to register it here and pay road tax. This rule is to maintain roads and infrastructure. Officials say that this action is necessary so that all vehicle owners follow tax rules and contribute to the maintenance of the state roads.
After starting a career with print media, he has been working as Senior Copy Editor in News18Hindi for the last 5 years. Business news team has been part of the team for almost 2 years. He has a decade experience in journalism. ,Read more
After starting a career with print media, he has been working as Senior Copy Editor in News18Hindi for the last 5 years. Business news team has been part of the team for almost 2 years. He has a decade experience in journalism. , Read more