WB waives off road tax, offers stamp duty rebate for FY22

09 Jul 2021 CW Team

The West Bengal government has waived off road tax on passenger transport vehicles and proposed a rebate on stamp duty as it tabled a Rs 3.08 lakh crore Budget in the assembly for fiscal 2021-2022.

Partha Chatterjee, State Industry Minister, who placed the vote-on-account in the house in February, said that the government has decided to prolong the one-time exemption of motor vehicle tax from 1 July, to 31 December, while presenting the Budget.

The government also offered to decrease stamp duty by 2% for registration of deeds, while the circle rate was slashed by 10%.

As the finance minister is indisposed because of being ill, Chatterjee presented the Budget.

The minister said that an interest rate of 4% would be charged as a part of subvention, talking about the student credit card scheme launched on June 30, while the government will bear the rest.

The Budget speech was further critical of the increase in fuel prices in the country.

Image Source

Also read: Pune civic body urges govt to release stamp duty revenue share

Also read: Bengaluru Development Authority doubles property tax

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..