Actual price
This query is : Resolved
Prakash kumar
(Querist)
31 July 2015
Dear sir i want to know if Financed amount of any car is 400000 & disbursed amount is 398466 , whether actual car price is 798466 or not?
CA R SEETHARAMAN
(Expert)
31 July 2015
Actual price of car is based on the invoice price of car dealer. Financing cost should not be added to cost.
Prakash kumar
(Querist)
31 July 2015
Thank you sir , actually we lost our car invoice and i have to give my account to CA , here i m adding finance amount and disbursement amout . 400000+398466= 798466 to get car price. is this correct or i have to find dealer car invoice
CA R SEETHARAMAN
(Expert)
31 July 2015
If the 4 lacs doesn't include any interest submit it.
Prakash kumar
(Querist)
31 July 2015
thank you , sir finance and loan is same or is there any difference ?
CA R SEETHARAMAN
(Expert)
31 July 2015
Finance and loan is the same.
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