Buying a car with Credit Card

[tachniki]

True. Maybe getting an add-on card for MB in the car owner's name and then making the payment will work. The income tax report will still be in the primary card owner's name, which is Okay as long as you have a justifiable ITR.

Or show a gift from primary card to car owner in car owner ITR. Gift to parents, sibling will not attract any tax.

 

[wiizzard]

I think that I'm the right person to answer your question, I bought a toyota Fortuner in January this year, paid 40lakhs out of 45 lakhs via magnus burgundy. Got a windfall of points last week. I guess my international trave for next two years is sorted now.

Wow! Quick question - Did you do a single swipe of 40 lacs or did you break it into multiple swipes ?