Tax implication on sale of motor car
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2014
Motor car not being capital asset, gains arising on sale is not chargeable under capital gains , But is it Chargeable under Income from Other Sources
11 August 2014
no. it wont be included anywhere....
Message likes :
1 times
12 August 2014
no It is not taxable .........
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