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Sale of personal effects

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(Querist)
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.
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CA Pawan Koradia

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CA Pawan Koradia (Expert)
30 October 2020 No car is not a capital asset, not required to show it.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
06 November 2021 Just credit the amount to your capital account. No need to declare it in ITR.




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