In addition to advance tax on purchase there is wht in registration and at the time of token. However since car will be on bank's name and all the banks are filers of tax therefore any advance tax and wht will be in bank's name and will be adjusted by banks in their own tax returns. So the effect of any tax will and should not be calculated by banks at the time of calculating total lease value. That is how the tax effect is not transferred to customers.
Upon successful end.of lease period when the customer goes to excise for getting the car transferred in his own name he will pay advance tax and will be able to get it adjusted in his salary tax from his own employer. However if the lease peeiod is of five years then there will be no advance tax and only wht on token will have to be paid.
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