Examveda

According to Bombay Motor Vehicle Tax Act 1958, tax exemption for school buses owned by school authorities and used exclusively as school buses is:

A. $${{2 \over 3}^{{\rm{rd}}}}$$ of annual tax rate applicable

B. $${{1 \over 3}^{{\rm{rd}}}}$$ of annual tax rate applicable

C. $${1 \over 2}$$ of annual tax rate applicable

D. $${1 \over 5}$$ of annual tax rate applicable

Answer: Option A


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Related Questions on Miscellaneous in Automobile

Which of the following statement is correct with regard to the expansion valave?

A. The expansion valve converts high-temperature, high-pressure vapour refrigerant into low-temperature, low-pressure liquid

B. The expansion valve converts high-temperature, high-pressure liquid refrigerant into low-temperature, low-pressure mist

C. The expansion valve controls the amount and the temperature of the refrigerant flowing into the evaporator

D. The expansion valve prevents the evaporator from freezing