Puchasing a car in cash
This query is : Resolved
Avinash Singh
(Querist)
11 August 2014
hello everyone i have a question a frnd of mine want to purchase a eon car costing 3.67 lacks approx so he had paid 50% of amount in cash and rest he is plannig to pay in cash he asked me that whether he should pay remaining in cash or by loan i advised him for a loan did i advised him the correct option ?
Rupesh Jain
(Expert)
11 August 2014
yes you can buy the fixed assets in cash . you are taking loan or not its your decision depend on cash in your pocket or not.
CA UMESH DULAL
(Expert)
11 August 2014
agree with rupesh
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CA UMESH DULAL
(Expert)
11 August 2014
agree with rupesh
Avinash Singh
(Querist)
29 August 2014
thanks to all of you for your kind advice
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