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sale of asset

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(Querist)
10 December 2010 what are the legal fomalities on sale of a car in a partnership firm for income tax purpose.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
16 December 2010 No legal formalities has been given in IT act for selling the assets, you can sold out by any mode.

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