Tax exemption on buying an i-phone in India

Viewed 889

Dear Mr. Pankaj Batra,

I have purchased an i-phone with original bill from Aircell in India. I have heard from a colleague of mine that the Indian govt. is allowing a tax exemption on the total purchase/ bill amount if an i-phone is bought by an Indian in India. Is it true? if yes kindly provide me official link to this exemption and under which section would it fall?

1 Answers

There is no such rule and it can never be.

Seems like its a rumor. Why any government would give tax benefit on purchase of a luxury electronics product.

Related