Income tax on sale of personal car
This query is : Resolved
Rajesh Pahadi
(Querist)
14 July 2017
i have sold the personal car more than Rs 10 laks & TCS @ 1% was paid. Whether the sale is taxable under capital asset ?
CA. Sunil Gokhale
(Expert)
14 July 2017
No gain/loss on transfer of personal effects.
Chanderkant gupta
(Expert)
14 July 2017
No, personal kind not a capital Assets.
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