Menu
Capital Gain on Personal Vehicle-Reg
I have Owned a Car (Swift Dezire)In my Individual File and use it for Personal Use if I sale this vehicle may it attracts capital gains tax(Short Term/Long Term).Kindly Clarify.
Replies (3)
Not to considered that LOSS
I got gain in that sale .because of cost of acquisition is less than the sale amount of vehicle
Not taxable
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
