Budget 2016: Infrastructure cess

Latest Update of Budget 2016 by Mr. Jaitley:

Infrastructure cess, of 1% on small petrol, LPG, CNG cars, 2.5% on diesel cars of certain capacity and 4% on other higher engine capacity vehicles and SUVs. No credit of this cess will be available nor credit of any other tax or duty be utilized for paying this cess.

Stay tuned with Budget Live Section of CA Corners for such updates.