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On purchase of new car

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2011 My cousin is employed but he is not a Tax Payer and does not have a PAN number.
Is he eligible to buy new car full payment by cash.
Does it effect him in future when he starts paying Income taxes.
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CMA. Murali

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CMA. Murali (Expert)
12 August 2011 NO, it will not have any bearing, atmost, IT dept may ask for source of income. This also a rare possibility

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