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PROFIT ON SALE OF FIXED ASSETS

This query is : Resolved 

That Assessee Having 6 Truck during the previous year, is engaged in Transporting Goods and Income Declared u/s 44AE of the Income Tax Act. during the year the assessee has sold on truck and earn Rs 150000/ as Profit on sale of Truck
whether this amount is Taxable or not, if taxable under which section and why
please clarify
it's urgent


Not taxable as Income Declared u/s 44AE of the Income Tax Act.



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