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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
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