Income tax - Capital Gains..
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2011
I have boughta Motor car 2yrs ago, which i have used for personal use only..now i have sold the car at loss..can i claim CG loss under capital gains or in any other head of income
16 June 2011
Vehicles are not covered under capital assets. Hence, capital loss cannot be set off under any other head of Income or even capital gains
16 June 2011
Vehicles are not covered under capital assets. Hence, capital loss cannot be set off under any other head of Income or even capital gains
16 June 2011
Vehicles are not covered under capital assets. Hence, capital loss cannot be set off under any other head of Income or even capital gains
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