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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2010 Motor Vehicle Dealers are required to file AIR return??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
29 November 2010 no
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2010 But i come to know from someone that luxury car dealers are required to take PAN of the purchaser and report the same to ITD??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
29 November 2010 SOurce of information?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
29 November 2010 The registering authority (not the M.V Dealer) empowered to register M.V under chapter IV of the M.V Act,1898 is liable to furnish the information to the Income tax Authority. For details refer section 285BA of the IT Act,1961.
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2010 It means RTO , whether there is limit as to the vehciles exceeding certain amount are reported???

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