If you get the car registered (first) in Orissa, you have to pay life-time tax there. Later, when you relocate to UP, you will have to get an NOC from Orissa RTO in favour UP RTO – based thereon, you will have to get it re-registered there by paying taxes afresh (within 3 months from the date of NOC). Thereafter, based on the evidence of re-registration & paying of taxes in UP, you can claim refund of life-tax paid earlier at Orissa. The procedure is lengthy & tedious – you will need help of a good/reliable agent & a friend/relative to follow up locally (Orissa).
Alternatively, if you are very sure of relocating to UP in a year, I would suggest you to purchase the car with residential address of UP & get it registered there. Bring it to Orissa & pay 1-year tax, as applicable, and thereafter on relocation to UP, you have nothing to do/worry. In that case, I would suggest you to purchase the car from UP itself (you will have to intimate the Bank suitably & change the dealer quote/estimate etc.).
There is no harm in giving your present address of Orissa for the purpose of Bank Loan while you give address of UP for purchase of car (invoice). As such, in bank loan form, I think you are required to give both the addresses, present address (Orissa) & permanent address (UP).
@Pradeep, whatever I have mentioned regarding RTO/Registration/Refund etc. are to the best of my knowledge. However, it would be prudent to ascertain the same locally too.
Honesty is not a Spare Wheel that you pull out when in trouble. It's a Steering Wheel that keeps you on the right path throughout the life's journey.
|