I am working in govt sector. I sold my car for 3 lakh and it deposited in my salary account bank. I buy a new car with the available 3 lakh and remaining 7 lakh loan
how to show in income tax
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Exchange of car
Replies (3)
No question of any (personal asset) declaration in ITR.
agree with dhirajlal sir
CAR IS NOT A CAPITAL ASSEST WHEN IT IS USED FOR PERSONAL USE.....THEREFORE THERE IS NO QUESTION OF CAPITAL GAIN AND TAX...
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