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
Menu
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...
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
