31 October 2008
URGENT I am in a pvt ltd company. one of our employee wants to sell his old car to our company. What are the steps to be taken so far as tax implications are concerned, for both employer & employee?
31 October 2008
There will certainly be tax implications on sale of car. But without knowing the figures, whether depreciation has been claimed by employee etc., how do we answer?
31 October 2008
URGENT Employee is a salaried one & he has not claimed any depreciation. Car (Santro- 3/4 years old) is being intended to be sold at Rs. 100000/- Since this is a employee & employer relation, does any valuation needs also there?
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