sale of Truck under Sec 44AE
This query is : Resolved
10 November 2008
what is the treatment of sale of truck? when the assesse is covered U/S 44AE i.e. (Presumptive tax). As the truck is an immovable aseet hence no capital gain is applicable on it Simultaneously all profit & loss is covered in
3150P.M/ P.Truck
3150P.M/ P.Truck
10 November 2008
Please refer to 44AE(4).
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