Amendment status not verified — confirm the current text below against the official source.
Nrne years or more Amount of refund of tax on motor cycle Sixty per cent of the amount of tax already paid under secnon 3-B Forty per cent of the amount or tax already paid under section 3-B. Twenty per cent of the amount of tax already paid under section 3-B Ten per cent of the amount of tax already paid under section 3-8. lmpos,1ion of 1:1, m lump sum un four wheeled personalised motor vehicles R1:fund of tax p:iiJ '" respect of four wheeled personatised motor vehicles (3-D). Notwuhstaading anything contained in section ,. on and from the commencement of the Punjab Motor Vehicles Taxation (Amendment) Act, 2000, tax on a four wheeled personalised motor vehicle shall be leviable in lump-sum, as may be notified by the State Government by nouficauon on the basis of the price of the four wheeled personalised motor vehicle, subject to the maximum of ten per cent of the value of such four wheeled personalised motor vehicle. (3-E). Where an owner of a four wheeled personalised motor vehicle iu respect of which tax has been paid m lump sum under section 3-0. ceases to be the residenl of the State of Punjab and takes alongwith him such four wheeled personalised motor vehicle or if the ownership of the four wheeled personalised motor vehicle ts transferred to a person having residence outside the State of Punjab, then partial refund of the lump sum tax so paid. shall be allowed as hereunder specified :- Sena I Duration of use after the Amount of refund of ta."< No date of registration of lhe on four wheeled personalised four wheeled personalised motor vehicles motor vehicle. Less than three years. Sixty per cent of the amount of tax already paid under section 3-0