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Purchase car from saving now it department required explanation about this

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2015 An assessee purchased a car from his saving when his income is below exemption limit worth rs. 500000. Now IT Department required explanation about this. What to do. Is there aany risk from point if view of assessee. Kindly refer me relevant section. Assessee is individual and salary based person. And govt. Employee
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
21 April 2015 there wil b no risk...if you had done it right dear...

just tel them the sources of funding of car...
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