29 September 2011
A MOTOR CAR TRANSFER FROM THE FIRM ON THE DEPRECIATED VALUE OF RS. 2,50,000/- IF MOTOR SALE IN RS. 2,75,000/- IN THAT CASE THERE IS SHORT TERM CAPITAL GAIN TAX WILL CHARGE OR NOT.
30 September 2011
Sir, NAVIN JI & MR. OBULIRAJAN R JI, PLEASE CLEAR MY QUESTION THAT I AM ASKING MOTO CAR SALE IN INDIVIDUAL THAT IS TRANSFERED FROM THE FIRM AND THAT IS SOLD LOWER THE BOOK VALUE. AND THAT IS NOW PERSOAL ASSETS AS PER SECTION 2(14) , SO WHAT WILL BE TAX TREATMENT. THANKS IN ANTICIPATION
CAclubindia
