Purchase car in cash
Querist : Anonymous
My client is purchasing a car in cash for personal use of value 4.5 lakh. is their
any implication of income tax?
Please suggest
Querist : Anonymous
money of 4.5 lakh and the car is not to be used in business
Please tell the implication of the income tax
I Think all the undisclosed income will be taxed & tax to be paid with interest & penalty.
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