Cost to asessee
This query is : Resolved
vipin vishwakarma
(Querist)
09 April 2014
A employee has purchased car from his employer at concessional rate after being used for more than 3 yrs by him as perquisite from employer.After purchasing that car employee sold that car to another person. so what will be considered as cost of acquisition for computing capital gain in the hands of employee?
Rupesh Jain
(Expert)
09 April 2014
car is personal assets hence capital gain not applicable.
cost of car will amount paid by employee to employer
cost of car will amount paid by employee to employer
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