Sale of motor car
This query is : Resolved
24 September 2019
Dear sir
I have filed my ITR this assessment year. I am salaried employee.
I forgot to show money received by cheque on sale of motor car ie Rs. 180000/-. Insured declared value of car was 250000/-.
I am wondering whether I should revise my ITR.
There is no capital gain in any case.
Your expert advise shall be valuable.
Thanks & Regards
RK Sharma
I have filed my ITR this assessment year. I am salaried employee.
I forgot to show money received by cheque on sale of motor car ie Rs. 180000/-. Insured declared value of car was 250000/-.
I am wondering whether I should revise my ITR.
There is no capital gain in any case.
Your expert advise shall be valuable.
Thanks & Regards
RK Sharma
24 September 2019
No need of revising the ITR this receipt is not taxable need not be shown in ITR.
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