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capital gain on sale of car
is there any tax liability on sale of car??
Replies (5)
No. Capital gain is leviable only on capital assets. Car is not a capital assets.
Yes... I agreed to Ms Priyankagupta's reply.
okay
but there is profit on sale of car
but there is profit on sale of car
If it's business then transfer to PandL account...
If individual then no more effects.
If individual then no more effects.
okay
thank you
thank you so much for your reply
thank you
thank you so much for your reply
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