Tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 April 2013 Is car a capital asset u/s 2(14)?

Guest

Guest (Expert)

04 April 2013 Only car used for personal purposes is not a capital asset.

Querist : Anonymous

Querist : Anonymous (Querist)

04 April 2013 so capital gains on sale of car of personal use is not chargeable to tax,right?

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