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Gain on sale of Car (Personal use only)

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(Querist)
15 July 2024 Kindly advise how to treat gain on sale of Car Bought a second hand car 290000 and sold after one week of purchase @ 370000
How the tax liability will arise on gain
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
15 July 2024 If it is not your business, then declare it under Income From Other Sources.

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