Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2014
can any one tell me that why the car used for bussiness and profession is is chargeable to capital gain though it is an moveable asset??????????
Nikhil Kaushik
(Expert)
12 June 2014
car as a business asset will be covered under capital gains. refer section 50
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