If you are one of those people who look for provisions to get tax benefits and discounts before buying a car, this video would be of immense value.
Here is how you could reduce the ownership costs of a brand new vehicle. These days, people are getting more and more aware of the provisions to reduce the effective costs of vehicles. This could be in the form of tax benefits, depreciation costs, discounts under various sections of the Income Tax, etc. The famous YouTuber lists out all the formalities associated with this in-depth.
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How Reduce Ownership Costs of Vehicles?
First and foremost, the people who are transferring their old car to a new owner or getting it exchanged at the dealership itself, could claim the NCB (No Claim Bonus) from the insurance company if…