Sale of personal effects
This query is : Resolved
Quick Summary
30 October 2020
I have sold a car which is being used in my personal capacity.I just want to know whether I have to show the sale proceeds of car in income tax return.
30 October 2020
No car is not a capital asset, not required to show it.
06 November 2021
Just credit the amount to your capital account. No need to declare it in ITR.
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