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Did you know that the Renove 2020 Plan is declared in the Treasury? This is what you will have to pay

Approved the two aid plans for the purchase of vehicles announced by the Government, it is time to read the fine print to avoid that

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Did you know that the Renove 2020 Plan is declared in the Treasury? This is what you will have to pay

Approved the two aid plans for the purchase of vehicles announced by the Government, it is time to read the fine print to avoid that after a few months the joy turns into surprise (unpleasant). Today we focus on tax obligations, that is, on what you will have to pay the Treasury if you ask for the help of the Renove 2020 Plan .

The Renove 2020 Plan contemplates the granting of subsidies for the purchase of new or in-stock vehicles registered as of January 1, 2020 that can reach 4,000 euros (in the case of electric cars ). To this amount we must the amount that the concessionaire contributes: 1,000 euros if it is an electric one and the same amount that the State finances in the rest of the .

This assumes that, adding both contributions, an electric car can receive aid of 5,000 euros (0 5,500 euros if you add the 500 euros for scrapping a vehicle over 20 years old). The joy is diluted, in part, when reading part of the conditions: the subsidy pays the Treasury .

Only the state part is taxed

The incentives to purchase vehicles offered by the Government constitute a capital gain that must be included in the general income tax base based on the income and personal and family situation of each taxpayer. The same does not happen with discounts made directly by the manufacturer, dealer or point of sale of the vehicle in question, which are not taxed by this tax. That is, in the 2020 income statement, the Treasury will ask you to return a part of the help that the Government has given you, but not from the contribution of the concessionaire.

How much will you have to pay to the Treasury if you receive a Renewal

According to a report by the Technical Union of the Ministry of Finance ( GESTHA ), the amount to be paid depends on two variables: your salary and the help you have received.

  • For ECO-labeled vehicles for which buyers can receive up to 1,000 euros in aid, the tax bill would become more than 240 euros for those who receive an average salary (meaning those who are around 20,000 euros per year)
  • Buyers of vehicles with a “C” label , who can receive up to 800 euros, will have to pay an additional 192 euros in personal income tax, also in the case of average wage earners
  • The highest aid is for vehicles with a Zero Emissions label ; also those who will have to pay the most. A driver with an average salary will have to return up to 1,031 euros of the 4,000 received

Those who do not comply with the obligation to declare the aid of the Renove 2020 Plan in the income , are exposed to having to present a complementary declaration, which in case of not making it would lead the Administration to settle the corresponding amount with default interest and impose a sanction for a tax violation of 26.25% of the quota stopped entering.

This article was published on Topgear. it’s for Noelia López .

Nirbhaya has been interested in doing something on his own from the days when he was in college. But, things didn’t favour him in the beginning, and he had to work for others. Later, he finally started Onhike.com as a news portal, and then never looked back. The website is gaining popularity every day. He puts all of his skills into his work and making his dream come true. He covers Tech and General news on this website.

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Rajasthan Political Crisis: Six ‘BSP MLAs’ Move Supreme Court, Seek Transfer of Case on Merger With Congress From HC

Six MLAs who had won in the 2018 Rajasthan assembly elections on the Bahujan Samaj Party (BSP) ticket moved the Supreme Court on Saturday seeking the transfer of the case against their merger with the Congress to the top judicial body.

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Supreme Court of India

Jaipur, August 8: Six MLAs who had won in the 2018 Rajasthan assembly elections on the Bahujan Samaj Party (BSP) ticket moved the Supreme Court on Saturday seeking the transfer of the case against their merger with the Congress to the top judicial body. The proceedings in their case is currently underway in the Rajasthan High Court. BSP Twist to Rajasthan Political Row: Mayawati’s Party to File Plea in HC Tomorrow Against Merger of Its 6 MLAs With Congress.

The six legislators – R Gudha, Lakhan Singh, Deep Chand, JS Awana, Sandeep Kumar and Wajib Ali – had joined the Congress en masse in September 2019. Speaker CP Joshi had their merger as the entire legislature party of the BSP in Rajasthan had camps.

The BSP, led by former Uttar Pradesh chief minister Mayawati, moved the High Court on July 28 with a plea challenging their merger. The party claimed that since it is registered as a “national ”, such a merger could be validated only if all state units of the BSP merge with the Congress.

The case filed by BSP in the Rajasthan HC was preceded by a whip issued to the six MLAs, directing them to vote against the Ashok Gehlot-led in the state in case of a trust vote.

If the High Court order annuls their merger with Congress and rules that the MLAs still belong to the BSP, they would be required to adhere to the party whip. If the legislators violate the whip issued to them in case of a trust vote, their membership of the House could be cancelled.

(The above story first appeared on Onhike on Aug 08, 2020 05:44 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website onhike.com).

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Snakes Glide Up on Trees in Shivamogga As Water Level in Karnataka’s Tunga River Rises After Heavy Rainfall (Watch Video)

Video of snakes resting on a tree as the water level in River Tunga increased due to heavy rain in Shivamogga has gone viral. Heavy rainfall in Karnataka has to lead to a flood-like situation in the state.

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Snakes from Tunga River

of snakes resting on a tree as the water level in River Tunga increased due to heavy rain in Shivamogga has gone viral. Heavy rainfall in Karnataka has to lead to a flood-like situation in the state. Video of snakes gliding on trees to save themselves from the flowing water is being widely shared on social platforms. Snakes were seen coiling around stems to avoid the river banks. The video shows two snakes on a brand as water gushes beneath them. The clip further shows the river which is overflowing its banks. Karnataka Rains: Temple Submerged in Water Due to Overflowing of Hemavathi River in Hassan ( Video)

Karnataka has been experiencing incessant rainfall and thunderstorms causing landslides and floods. Border regions such as Belagavi district have also been  rising water levels in River Krishna. It has been due to swelling of the river’s tributaries caused by heavy rains in Maharashtra. River Cauvery river is also overflowing and has submerged Bhagamandala temple, blocking connecting roads in the district. Karnataka Rains: Kodagu District Faces Flood-Like Situation Due to Heavy Rainfall, River Hemavathi and River Cauvery Flow Over Danger Mark; See Pics.

Snakes Taking Shelter on Trees as River Water Rises in Karnataka:

A three-month-old baby was rescued by National Disaster Response Force (NDRF) at Balegundi village of Kodagu district in the state. The Cauvery river too is overflowing and its floodwaters have inundated the Bhagamandala temple, blocking major connecting roads in the district. There have also been landslides near Botlappa and other areas of Kodagu, along with Charmadi ghat near Chikmagalur and Dakshina Kannada. Uttara Kannada and Shivamogga are some of the districts that also been flooded due to continuous heavy rains. Water being released from dams into the state is another reason for the floods

(The above story first appeared on onhike on Aug 08, 2020 12:26 AM IST. For more news and updates on , world, sports, entertainment and lifestyle, log on to our website onhike.com).

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Air India Express Plane Crash: Self-Quarantine and COVID-19 Tests for People Involved in Rescue Operations at Kozhikode Airport, Says Kerala Health Minister

Kochi, August 8: Kerala Health Minister KK Shailaja on Saturday announced that people who were engaged in rescue operations at Kozhikode

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Air India Express Plane Crash: Self-Quarantine and COVID-19 Tests for People Involved in Rescue Operations at Kozhikode Airport, Says Kerala Health Minister

Kochi, August 8: Kerala Health Minister KK Shailaja on Saturday announced that people who were engaged in rescue operations at Kozhikode Airport should go into self-quarantine. The official added saying that the State Government of Kerala will conduct the COVID-19 tests of everyone who were involved in humanitarian assistance at the site. “All those who were involved in rescue operations at Kozhikode Airport should go into self-quarantine. State Government to conduct coronavirus tests of all”, KK Shailaja said.

The people who have been asked to go into self-quarantine are the ones who were engaged in the rescue operations at the Kozhikode airport after Air India Express flight skidded off the runway on Friday. The flight that had a crash-landing had returned from Dubai under the Vande Bharat mission. There were 190 people onboard of which 18 people have died so far, including two pilots. Reports inform that the plane plunged 35 feet into the valley below, as it landed on its second attempt amid heavy rain in the southern state. Air India Express Plane Crash Update: 18 Dead Including 2 Pilots.

Here’s the tweet:

All those who were involved in rescue operations at Kozhikode Airport should go into self-quarantine. State Government to conduct #COVID19 tests of all: KK Shailaja, Kerala Health Minister (file pic) pic.twitter.com/Lldp3G7xwd

— ANI (@ANI) August 8, 2020

The Digital Flight Recorder (DFDR) has been recovered from the aircraft while the floorboard is being cut to retrieve Cockpit Voice Recorder (CVR), the Directorate General of Civil Aviation (DGCA) official said.

In the wake of the incident, investigating from Directorate General of Civil Aviation (DGCA), Aircraft Accident Investigation Bureau (AAIB), top officials of Air India and Air India Express have reached Kozhikode from New Delhi on Saturday. The officials will probe the cause of accident at the Kozhikode airport where an Air India Express plane skidded and fell into a valley killing 18 passengers, including the two pilots and injuring many others on Friday evening.

(The above story first appeared on onhike on Aug 08, 2020 10:52 AM IST. For more news and updates on politics, , sports, entertainment and lifestyle, log on to our website onhike.com).

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