On purchase of new car
This query is : Resolved
Querist : Anonymous
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.
Is he eligible to buy new car full payment by cash.
Does it effect him in future when he starts paying Income taxes.
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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