Purchasing Car Through Loan?
by raj kumar
(karnataka)
hello sir/madam, I just want to ask u a question!
I'm planning to take a car which costs around 13-lakh.. the financer company said me to pay a downpayment of 6-lakh. !by showing the proff of my rentals agreement etc..
I didn't maintain IT RETURN file bcoz I started my business a month ago.
My question to u is that will the Income tax authority will ask me proff regarding the amount of downpayment payed by me(6lakh)?