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Capital gain applicable

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20 June 2013 Dear All

Pls advice A company director purchase a car for company for personal and company charges Depreciation last 3 years and Director Decided a sale old motor and purchase new motor car on name of director

Pls advice what compliance income tax and capital gain applicable on motor car?

Regards
Praveen

21 June 2013 Please refer the sec.50 depreciable asset not comes under captial gain



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