186+ Lawyers are online 
Problems that can arise in income tax in buying car in cash
25-Jun-2023 (In Tax Law)
Sir I'm in ARMED FORCES my annual income is 3.5 lakh , I want to buy a car cost 9.5 lakh in cash , will there be any problem from income tax?
No, there will not be any problem for buying a car but you have to be very sure about your income tax return. If your return shows enough capital & savings from past some years then there is no such problem will arose. feel free to ask about any tax assistance.
Helpful?
44+
44+
Adv. Patrika Gupta
Ghaziabad | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Tax lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
