Capital gain applicable
This query is : Resolved
Praveen kumar varma
(Querist)
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
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
CMA Ramesh Krishnan
(Expert)
21 June 2013
Please refer the sec.50 depreciable asset not comes under captial gain
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