Consequences of purchasing a car amounting rs.20,00,000 for cash from agriculture income

if any farmer purchased a car costing rs.20,00,000 for cash from his agriculture income, what will be the consequences ???
Replies (3)

After 1/6/16 the seller will deduct 1% TCs on the value of car.

PAN/ form 60 should be quoted

Agree with Madhvi.

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