Tips Assume When Obtaining Tax Lawyer: Difference between revisions

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Latest revision as of 07:37, 12 November 2024

The HVUT, or Heavy Vehicle Use Tax, is a year by year tax paid by truck drivers or owners of trucking companies. It refers drivers operating large vehicles on our nation's highway, and use many of the money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new works of art.

What is the rate? In the rate or rates enacted by Central Act every single Assessment Year. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to the tax payer.

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