GOLD PURCHASED THROUGH CREDIT CARD

This discussion explores the implications of purchasing gold ornaments using someone else's PAN card and multiple credit cards. The original poster faced this situation when a relative couldn't provide their PAN for a purchase exceeding ₹2 lakh. The advice given suggests that without proper documentation, the IT Department may deem the purchase as made by the PAN holder. Solutions include obtaining an affidavit from the relative and providing bank statements to prove repayment, though this can become a complex matter of litigation. Alternatively, the purchase could be treated as a gift, with tax implications for the recipient if they aren't a specified relative.