capital gain transfer
Dhana Sai (244 Points)
23 February 2018
whether exchange of one asset with another personal effect(car)ammlounts to transfer or not
2 Replies
Divakar agarwal
(Student)
(247 Points)
Replied 23 February 2018
no CG as car is not fall under the definition of CA u/s 2(14)
Vivan pratap singh
(105 Points)
Replied 23 February 2018
Exchange amounts to transfer u/s 2(47)
Exchange of asset with personal effect is not a "transaction not regarded as transfer" u/s 47
so The exchange is taxable subject to what u,ve transferred.
Exchange of asset with personal effect is not a "transaction not regarded as transfer" u/s 47
so The exchange is taxable subject to what u,ve transferred.
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