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Is buying a car with cash invite Income Tax department?

Income Tax - By: - Amit Bansal - Dated:- 2-7-2018 Last Replied Date:- 23-7-2018 - Decided to buy a car, have you finalize the payment conditions? That would be the tricky one, as far as income tax is the concern. Now you are wondering: Buyer is me, t .....

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money. Points to remember while buying a car in cash Logically, it is true when you buy a car in cash, definitely raise a question: Where have you got the money from? If you are an employee or a small shopkeeper. Before going to buy a car remember, .....

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individual a salaried employee, why books I am not running a business A good question. This example will explain it in details: If you are in possession of $ 1000, (for that you have already paid taxes), you pay your rent $ 200, pay for your grocery .....

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a row: You have $ 1000 in your hand. Now if you send whole $ 1000 in a single day, who can be Income tax department bothering you. Some time income tax department unable to check your books or your income tax return and send you a notice In one of t .....

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