Would there be any income tax liability if a business owner(self employed proprietor) purchases new car for office work and registers it under individual road tax? The business and individual share the same PAN number.
Menu
Income tax on purchase of new car?
Replies (1)
no tax liability.
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
