Gain on sale of Car (Personal use only)
This query is : Resolved
Himani Sharma
(Querist)
15 July 2024
Kindly advise how to treat gain on sale of Car Bought a second hand car 290000 and sold after one week of purchase @ 370000
How the tax liability will arise on gain
How the tax liability will arise on gain
Dhirajlal Rambhia
(Expert)
15 July 2024
If it is not your business, then declare it under Income From Other Sources.
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