Amendment status not verified — confirm the current text below against the official source.
Added by Act No.15 of 1987. Penalty for failure to pay tax. [Act No. 5 of 1963] 9 twice the lumpsum tax payable under clause (aa) of sub- section (1) of section 4.] 12[6A. Notwithstanding anything in sections 3, 4, 5, and 6,- (1) every registered owner, who owns or keeps in his possession or control more than two thousand motor vehicles for plying on hire or reward, shall pay in respect of all such motor vehicles, a tax at such rate, not exceeding fifteen percentum of the gross traffic earnings, as may be specified by the Government, by notification, from time to time. Explanation:- For the purposes of this section,- (a) the term “gross traffic earning” shall mean the total amount collected towards fares, freights, including luggage charges and any amount collected towards hire or reward by or on behalf of such registered owner, either directly or indirectly, in respect of all the motor vehicles, as may be determined in the manner prescribed; (b) while computing the “percentum of the gross traffic earning,” the Government shall, as far as practicable, take into account the amount of tax collected for the preceding year from such owner, the changes in the rates of tax under clause (3) during the current year if any; and the approximate growth in the traffic during the current year. (2) in order to determine the amount of tax payable under this section in any year, the registered owner shall make and deliver a declaration, within such time to such authority and in such form as may be prescribed, stating the gross traffic earning for the preceding year, together with ten percentum of such gross traffic earning and containing