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Long savings used to buy a car

This query is : Resolved 

16 June 2014 suppose ,I do have amount greater than Rs.7 lakhs which I made from my savings (home savings-not deposited in bank or any financial institutions) . I use this amount to buy a new car and as a result I got a notice from IT to specify the source of income. How am I supposed to tackle this problem ?

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Guest (Expert)
16 June 2014 dont u have file income tax returns...

if u hadnt then contact a nearby CA, he or she will help you dear...



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