GOLD PURCHASED THROUGH CREDIT CARD

Sumit Hooda (16 Points)

17 October 2021  
Yesterday i went to a jeweller alongwith a close relative who wanted to purchase some gold ornaments for her use. She bought 2 gold articles and total invoice amount was 3.25 lakh and jeweller asked to submit PAN . She was not carrying pan and it was necessary to purchase those items, so i gave my pan to note. Moreover, i paid through my 3 different credit cards. What are the consequences i may face in future from IT Dept and what would be the solution??