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Sale tax on vehicle sold on loss

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REENA (Querist)
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27 September 2016 Is sale Tax is applicable on sale of vehicle on loss?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 September 2016 Sale tax is applicable on sale value, irrespective of your sale is on profit or loss.

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sanjeev kumar goel

sanjeev kumar goel (Expert)
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28 September 2016 yes as sales tax is applicable on sale consideration.

REENA (Querist)
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28 September 2016 Please let me know, what is tax rate and on which value it will be applicable?

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