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capital gain transfer
whether exchange of one asset with another personal effect(car)ammlounts to transfer or not
Replies (2)
no CG as car is not fall under the definition of CA u/s 2(14)
Exchange amounts to transfer u/s 2(47)
Exchange of asset with personal effect is not a "transaction not regarded as transfer" u/s 47
so The exchange is taxable subject to what u,ve transferred.
Exchange of asset with personal effect is not a "transaction not regarded as transfer" u/s 47
so The exchange is taxable subject to what u,ve transferred.
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