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Tax on old scrap bus

This query is : Resolved 
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(Querist)
20 December 2017 I sold a bus as scrap for 150000 rs,which was off the road for many years.what is my tax liability.
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Mayur

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Mayur (Expert)
21 December 2017 That Depends upon how much was the book value of the block of the asset to which the bus belonged.
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