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Income tax on sale of personal car

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(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 ?
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
14 July 2017 No gain/loss on transfer of personal effects.
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Chanderkant gupta

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Chanderkant gupta (Expert)
14 July 2017 No, personal kind not a capital Assets.




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