Capital gain ON SALE OF CARD
This query is : Resolved
jayesh khokhariya
(Querist)
24 July 2023
CAR OPENING RS. 100
NE PURCHASE RS. 200
SALE OF CAR RS. 140 (FROM OPENING WDV)
WDV RS. 160
Short term capital gain applicable on sale of car or not as block does no cease to exist??
NE PURCHASE RS. 200
SALE OF CAR RS. 140 (FROM OPENING WDV)
WDV RS. 160
Short term capital gain applicable on sale of car or not as block does no cease to exist??
CA R SEETHARAMAN
(Expert)
24 July 2023
Capital gains not applicable as block does not cease.
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