Cost to asessee
This query is : Resolved
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?
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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
OR add as source on Google news
- US CPA Course
- Balance sheet for ITR-3
- Form 13 lower TDS deduction certificate u/s 197
- Misleading AIS data for increasing compliance
- TDS/TCS Claimed and Refund received in previous year
- Notice has been issued for wrong filling of place of supply in GSTR-1 return.
- List of valid legal heir certificate for wife of deceased person FY 2024-25
- TDS deducted US 194JB can file ITR US 44ada
- STCG vs LTCG mismatch in reports (Motilal Oswal Nasdaq 100 FoF).
- Freelance Business code
- Cash deposit in individual account more than one crore in FY24-25
- Crumb Rubber
- HUF Gifts
- Need Help for US CPA
- Self assessment tax amount
- ITC Liability on Capital Goods on death of Proprietor (GTA)
- Subject: Clarification on Applicability of E-Invoicing and 30-Day Reporting Requirement under GST
- GOODS SENT TO INTERSTATE BRANCH FOR EXHIBITION ON DELIVERY CHALLAN & GOODS RETURN BACK
- TRUST QUERY INCOME APPLIED
- Credit from Office of Regional Provident Fund Commissioner
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
