Section 8A: Interest to be paid, if tax is not paid within time limit.
The Maharashtra Motor Vehicles Tax Act, 1958.State Act of Maharashtra · Act 65 of 1958
[8A. Interest to be paid, if tax is not paid within time-limit.- (1) If any tax due in respect of any motor vehicle is not paid in time as provided by or under this Act, by any person liable for the payment thereof, such person shall be liable to pay, in addition to the tax payable, an interest from the first day of the period for which the tax is due.
[(2) The interest payable under sub-section (1) shall be calculated for each calendar month or part thereof, during which the tax remains unpaid, at the rate of 2 per cent. of the amount of tax in default :
Provided that, the amount of interest payable under this section shall not exceed the amount of tax in default.]
(3) In calculating the amount of interest payable under sub-section (1), the fraction of a rupee less than fifty paise [shall be ignored and the fraction of fifty paise or more] shall be taken as a rupee.
(4) The Transport Commissioner may, for reasons to be recorded in writing and subject to such conditions as may be prescribed, remit the whole or any part of the interest payable under this section in respect of any specified period.]
Interest to be paid, if tax is not paid within time limit.
Jurisdiction
State of Maharashtra
Status
In force as published by the source
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
inserted, Mah. 22 of 1979. Section 8A was inserted by Mah. 22 of 1979, s. 6.
substituted, Mah. 9 of 1989. This sub-section was substituted for the original by Mah. 9 of 1989, s. 5(a).
substituted, Mah. 9 of 1989. These words were substituted for the words "shall be taken as fifty paise, and the fraction exceeding fifty paise" by Mah. 9 of 1989, s. 5(b).
Find the provision, not just read it
The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:
Search 49,000+ Central and State enactments by what a provision says, not by its number
Jump from any section to every judgment that has applied it
Search 300 million+ Indian court records alongside the statute
Ask a research agent to find and read the case law on a provision for you
