Consequences of purchasing a car amounting rs.20,00,000 for cash from agriculture income

240 views 3 replies

student

43 Points Joined January 2014

if any farmer purchased a car costing rs.20,00,000 for cash from his agriculture income, what will be the consequences ???

Replies (3)

Guest

After 1/6/16 the seller will deduct 1% TCs on the value of car.

PAN/ form 60 should be quoted

Assistant Manager-Accounts

549 Points Joined May 2012

Agree with Madhvi.

9 Points Joined February 2022

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