Income tax on sale of personal car

This query is : Resolved 

14 July 2017 i have sold the personal car more than Rs 10 laks & TCS @ 1% was paid. Whether the sale is taxable under capital asset ?

14 July 2017 No gain/loss on transfer of personal effects.

14 July 2017 No, personal kind not a capital Assets.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries