The tax returns when compared with car sales throw astonishing numbers, he said.
“Car sales on an average in last five years has been about 25 lakh per year. In the last three years the car sales were 25.03 lakh, 26 lakh and 27 lakh,” he said adding the statistics points to a large number of people having income to buy cars are outside the tax bracket.
A car normally has a life of seven years and a second car is purchased not before five years by a common man, the official said.
