Thread Starter
#1
Hello experts
I want to buy a new bike 2016 yzf R3 in kolkata full in cash. As i am a student i dont have a income.. I do have a bank acc. My father works in a private sec. My father and mother both contributions and some of my savings. Together we can buy the bike. Means our money is ready. So what are the problems mainly Income tax dept. While purchasing the bike in cash and I Want that bike registration should be of my name whoever pays the money.
So please tell me what to do how to avoid such situations..
I want to buy a new bike 2016 yzf R3 in kolkata full in cash. As i am a student i dont have a income.. I do have a bank acc. My father works in a private sec. My father and mother both contributions and some of my savings. Together we can buy the bike. Means our money is ready. So what are the problems mainly Income tax dept. While purchasing the bike in cash and I Want that bike registration should be of my name whoever pays the money.
So please tell me what to do how to avoid such situations..
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