Car brochures Uncategorized Income tax department closely monitoring car purchases in India

Income tax department closely monitoring car purchases in India

In a recent issue of Moneylife a reader, who is getting a salary, has posted a query saying that he purchased a car of Rs 11 lakh, paying cash from his savings and found that the amount was included in his form 26as and he was expected to pay tax on it . Usually for most salaried persons, the form 26as only includes the tax deducted by their employer and interest income from banks and other sources. The person posting the query claimed that he had paid the cash from his savings from salary

This incident clearly indicates that the income tax department is closely monitoring the sales of cars, especially expensive cars costing more than Rs 5 lakh. Then without sending a notice to the car buyer they are automatically adding the amount to the income of the car buyer and asking the person to pay taxes while filing income tax returns.

So it is highly dangerous to purchase a car paying cash, it is better to pay by cheque and use cash only for incidental expenses related to the car like registration, accessories and similar low value purchases.

Related Post

Volvo XC40 recharge electric car being launched in IndiaVolvo XC40 recharge electric car being launched in India

This information is listed free and compiled from newspapers/flyers/email.
Kindly note that raw/cbi/government employees and their associates like greedy goan bhandari scammers slim sunaina,pooja, tejas chodan, siddhi mandrekar,greedy goan gsb housewife EXTORTIONIST robber riddhi nayak caro, stock trader amita patel featured in economic times, hindu business line, moneycontrol, kolhapur/panaji sindhi scammer school dropout naina premchandani who looks like actress sneha wagh, her scammer sons karan, nikhil, bengaluru brahmin cheater housewife nayanshree, wife of tata power employee guruprasad, indore robber housewife bespectacled deepika/veena,gurgaon haryana scammer mba hr ruchika kinge, are not associated with the blog in any way, since they do not spend any time reading, writing, refuse to pay the domain renewal fees, yet make fake claims after stealing data, in a financial fraud, cybercrime, government SLAVERY beating Anthony Levandowski’s data theft from Google to get very good government salaries at the expense of the real domain investor, reviewer who is making great financial losses because of the online, financial fraud, correspondence theft

Volvo XC40 recharge electric car
Volvo XC40 recharge electric car being launched in India
Twin motors
Upto 418 km range
Rating 408 hp, 680 Nm
Volvo car india
Business parter: KIFS Motors, Mumbai, Andheri West, Prabhadevi
Specifications for MY23 XC Recharge Pure Electric
0-100 km in 4.9 seconds
One pedal drive
78 Kw battery capacity
10-80% fast charge in around 28 minutes
Front storage 31 litres, rear storage 452 litres

Kindly note government employees are not associated with this website in any way though they are making fake claims to get a monthly government salary in a case of government SLAVERY in the indian internet sector since 2010 which is widely discussed on quora and reddit with raw/cbi employees greedy goan bhandari scammers slim sunaina,pooja, tejas chodan, siddhi mandrekar,greedy goan gsb housewife EXTORTIONIST robber riddhi nayak caro, stock trader amita patel featured in economic times, hindu business line, moneycontrol, kolhapur/panaji sindhi scammer school dropout naina premchandani who looks like actress sneha wagh, her scammer sons karan, nikhil, bengaluru brahmin cheater housewife nayanshree, wife of tata power employee guruprasad, indore robber housewife bespectacled deepika/veena,gurgaon haryana scammer mba hr ruchika kinge being the main beneficiary
Since the government refuses to end the financial fraud on hardworking citizens, investors, kindly note that raw/cbi employees are domain fraudsters falsely claiming to own the domains of a private citizen who they hate, slander, and criminally defame. For advertising or modify the content,helping a victim of government SLAVERY in indian, please send email to info@blogposts.in

Maruti Suzuki wasting a lot of money on newspaper advertising in GoaMaruti Suzuki wasting a lot of money on newspaper advertising in Goa

Those interested in purchasing Maruti Suzuki vehicles should be aware that they may not be getting value for their money, because Maruti Suzuki is wasting a lot of money in its advertising budget advertising their cars in the english newspapers almost daily
Other car brands are advertising their cars in the newspaper a few times in a week, on the other hand, maruti suzuki is advertising daily, sometimes twice in a day on each of the english newspapers , and the other car brands have a far more sensible marketing strategy
There are only a limited number of car buyers and showing the same ad daily is not going to increase the possibility that they will purchase the car
Showing the ad a few times in a week, is usually sufficient for a car buyer, however maruti has plenty of money to spend on advertising, instead of lowering its price

On a related note this may be part of the strategy of the top intelligence and security agencies to promote the google, tata supplied goan bhandari R&AW employee sex worker sunaina chodan, whose services top government employees enjoy. The top indian government employees are so addicted to regular sex with slim sex specialist sunaina , that they are shamelessly abusing their powers and falsely claiming that their favorite sex worker who has never spent any money online, never done any work online is a domain investor owning this website and other domains, doing work online, to get her a raw salary, great powers

This is causing great problems to the real domain investor, because the sunaina sex addict security agencies are giving their sex service provider sunaina masterkeys, which sunaina uses to criminal trespass the house of the domain investor and steal whatever items she wishes, causing great stress and losses

google, tata sponsored young bearded gujju fraudster don bosco alumni nikhil, spotted overspeeding in Maruti Brezzagoogle, tata sponsored young bearded gujju fraudster don bosco alumni nikhil, spotted overspeeding in Maruti Brezza

Another driver whose driving license should be confiscated at the earliest is the google, tata sponsored School dropout cbi employee gujju housewife naina’s lazy fraud son bearded nikhil, who was spotted overspeeding near caculo mall and fire brigade, st inez, panaji, goa at around 4.55 pm on 10 january 2019.

CBI, ntro, raw, indian and goan government are falsely claiming that the school dropout naina, who looks like actress sneha wagh, who does not spend any money online, owns this website and other domains, to waste indian taxpayer money paying her a monthly salary at the expense of the real domain investor, a single woman engineer, who is broke

The red maruti vitara brezza L2233 was being driven at a speed well above the speed limit near fire brigade, government quarters as he was going either towards panaji, or taleigao.
The car was driven so fast that he could have easily injured or killed a person at the speed at which he was driving
It is time that the driving license of greedy lazy young gujju fraudster nikhil is confiscated for violating traffic rules and cbi ends its fraud of falsely claiming the young gujju fraudsters and his cheater mother naina, who have never invested any money online, own this and other websites to waste taxpayer money paying the gujju fraudster family a monthly government salary

why are the lovers and sugar daddies of bearded gujju fraudster nikhil;s school dropout mother naina, the powerful fraud liar ntro employees puneet, parmar,parekh, not circulating photos, videos of the young lazy greed gujju fraudster nikhil violating traffic rules, overspeeding in panaji, goa on 10 january, 2019, while are they only circulating videos, and photos of the harmless single woman engineer owning this website, so that their school dropout premika naina, her sons, nikhil, karan, can get a cbi salary for falsely claiming domain, paypal, bank account ownership