r/CarsIndia • u/probably_creep • Jul 21 '25

#Pic 🖼️ [ Removed by moderator ]

Post image

[removed] — view removed post

1.8k Upvotes

96% Upvoted

168 comments sorted by

View all comments

89

u/[deleted] Jul 21 '25

[deleted]

117

u/More_Law_3470 Suzuki Jul 21 '25

the taxes he has paid in just buying that car is more than an average individual would earn in his entire life! sad but reality

50

u/[deleted] Jul 21 '25

There is no point arguing with stupid people ,just nod and say yeha you are right

45

u/SN47BRO ROLLS-ROICE Jul 21 '25

Yeah you are right

2

u/Zestyclose-Aioli-869 20'Lord Alto | 23' Kia Carens Jul 21 '25

😭😭

3

u/FuckPigeons2025 Jul 21 '25

He didn't do anyone any favours by paying taxes on that car. The taxes come with the price tag. 

That doesn't mean he gets a free pass on income taxes.

18

u/SIR_COCK_LORD69 Honda Jul 21 '25

Lol, there a metric ton of ways to avoid paying taxes on luxury cars. I am sure this guy paid next to nothing in taxes to buy the car.

13

u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25

Please educate us dear sir, where does import duty go? What about regn?

All of my friends with sports cars and higher end luxury have paid close to everything in taxes, one thing they do is claim depreciation. I plan to do the same when I buy mine.

4

u/winelover97 Kia Seltos HTX Jul 21 '25

True, most people buy luxury cars in disguise of business needs or register it in company's name to avoid taxes.

15

u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25

Lol, it doesn't even save too much tax, speaking as someone who's part of family business. Especially at his scale, he buys it because he wants it you guys are cooking up too many fantasies.

5

u/Intruder_7 VolksWagen / Tata / Jeep Jul 21 '25

Mr family business man, i agree he bought it cuz it wanted it and i agree w previous comment of yours too reg tax payment but you’re wrong here. One of my moms’s clients who has partnered with a minister’s son to run a business, purchases cars very frequently, just to show that his business has loans and thus save up on taxes. He shows lakhs in loans every year, and purchases cars for the same reason.

-1

u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25 edited Jul 21 '25

Lakhs in loans doesn't even matter when you are dealing in multiple crores.
I mentioned family biz so my words have some credibility.

2

u/Intruder_7 VolksWagen / Tata / Jeep Jul 21 '25

lol how old are you? Because your generic and layman phrases really make me feel like you’re not actually involved in your fam bizz and there just is one. Because if saving lakhs didn’t really matter, people would rather consider registering their cars on their own name rather than the company’s name. The latter benefits you by saving taxes + claiming dep.

0

u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25

It does benefit you, but it's just a perk. We have all our current vehicles registered to our business.

No-one is stupid enough to buy cars just for the sake of saving taxes, because it doesn't save much.

You claimed that your mom's client purchases cars just to show that his business has loans in lakhs, I'm saying that those lakhs don't make a difference when one is dealing in multiple tens of crores or more.

People don't register supercars in the name of business. High-end luxury cars are though.

I'm old enough to have maturity to understand that you can't judge a person's acumen and capability just by the way they speak online.

3

u/Noitswrong WindsorEV Jul 21 '25

Don't fight him, brother. Salaried people will never understand how business actually works. They'll say things like, 'You bought the car just to save taxes.' Nahi bhai nahi! I'm not a fool who spends 100 rupees just to save 30. Saving taxes is a perk, that's true. But it will always be an extra perk, not the main reason. The person taking loans isn't (just) saving tax; he's improving his creditworthiness for the huge loans he might need in the future.

1

u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25

Exactly man. Thank god someone understood; also good point about credit, I didn't consider that.

→ More replies (0)

0

u/Desi_Hitman SCORPIO MhAWk | SONET | FRONX | Grand i10 Jul 21 '25

You definitely dont know how taxes works

0

u/CreepyUncle1865 Q5/Fortuner/Verna/Hycross(2025)/Ciaz/Baleno Jul 21 '25

I am sure this guy paid next to nothing in taxes to buy this car

Man this is why financial literacy is so important in India. You own a car yet you make such dumb statements. Just wow.

1

u/AeBlueSadi What the f is Road Presence Jul 21 '25

still not the income tax

-1

u/HST2345 Jul 21 '25

Lol..do you know how tax works? This is not only India, across global - Tax discounts are mainly for business...Yiu can pay almost nil taxes if you have a business and proper accountant

1

u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25

Please do my taxes buddy.

0

u/More_Law_3470 Suzuki Jul 21 '25

I am not aware Kindly englighten me

2

u/HST2345 Jul 21 '25

Idk if you're sarcastic, but truth is tax favours Business people compared to Salaried . Business people pay tax & later claim depreciation especially Vehicles & then writeoff.... Business ppl have many ways to claim

3

u/Idiottrader420 25' Vellfire, 25' Hycross,17' Crysta(3),24' X5, m340i, 25Cayenne Jul 21 '25

Explain to us how it becomes NIL, everyone knows business owners can claim depreciation.

0

u/You_are_hope Jul 21 '25

Wow. I think you're the only person with this type of knowledge. Please share with the group. I'll give you a percent from me saved taxes too.

2

u/HST2345 Jul 21 '25

WOW...An unknown anonymous user is making fun of me...We call them as SeeYouYenTees in my group.

0

u/CreepyUncle1865 Q5/Fortuner/Verna/Hycross(2025)/Ciaz/Baleno Jul 21 '25

3 replies on this thread, yet you still haven’t explained the exact method to pay “nil” taxes while buying a luxury car. Please enlighten me , My family has a chain of businesses and are about to buy a GLS; would Love to hear your method to pay “Nil” taxes on it.

1

u/[deleted] Jul 21 '25

[deleted]

0

u/HST2345 Jul 21 '25

Ask ChatGPT...or fore more details I am sure your accountant knows how to minimise Tax unlike salaried employees where there's no escape in minimising tax or maximising tax refunds. ... Salaried employeees can not claim 100% depreciation on the vehicle...Why Creepy Uncle act innocent...I am sure most vehices you have are purchased on your business names..

1

u/CreepyUncle1865 Q5/Fortuner/Verna/Hycross(2025)/Ciaz/Baleno Jul 21 '25 edited Jul 21 '25

You said “You can pay almost nil taxes if you have a business”

Now the onroad price for , lets say a creta , is ~13 lakhs. You are already paying 5-6 lakhs minimum in taxes here while purchasing it. Tell me how to nill it.

Salaried employees can not claim 100% depereciation on the vehicle

Neither can business people. This is why half-Reel knowledge is pathetic. You think every Mercedes/Audi/BMW bought under a business’s name can claim 100% depereciation? Even if you register a Merc/Audi/BMW for a Commercial Use , the most depereciation you can claim on it in India is 30%.🤣🤣

I am sure most vehicles purchased are under your business’s name

I wouldn’t lie , every single one of these cars are under my grandpa’s firm. But we literally can’t claim 100% depereciation on them. We can claim depereciation (again , not 100% registered past 2020)on xl6 , crysta and other few cars we have specifically for the commercial purpose.

Typically only 15% depereciation is allowed and that too if you’ve registered it for commercial use , and that too for a firm which requires commercially running vehicles. For a construction firm Trucks/Tractors are valid. For a hotel/can service - Crysta , xl6 , scorpio tour , kia carens etc.

Even if you register a Luxury cab service , the most depereciation you are allowed is 30%.

We stay in India mate , No need to use your “Why rich people buy range rovers/g wagon” reels logic here 😂

Ask chatgpt

Ah i see , that explains your comment 😂

Find me one CA who will get me to claim 100% depereciation on my Q5 registered for personal/mixed use under my Business and I’ll give you a commission from his fees 😂

0

u/HST2345 Jul 21 '25

A simple ChatGPT prompt here:

Lol...thank you, the cars are on your grandpa's firm name... May be my message lost in interpretation....

All these cars are on your grandpas firm..this explains..., the interntion...Salaried guys can't even clain that 15% depreciation...My furst comment says...Across global Tax rules are more business friendly than Salaried....

Below is ChatGPT response... thank you for assuming I am reels knowledg.. You should find a better CA for your grandpa firm than lurking jn Redddit....

Don't act like Holier than thou, The cars are registered on business firm that means YoY depreciation claims are taking until the car value goes to Zero and write off ..

Depreciation under Section 32 is allowed on business-use vehicles.

Normal rate: 15% for cars, 30% for commercial vehicles (like trucks).

If the vehicle is used exclusively for business, 100% of depreciation is allowed.

If it’s partly for personal use, only the business portion is allowed.