Kindly advise me whether income received from sale of my 10 year old car is taxable, if so, should it be shown as income from other sources are capital gain/loss etc.
Thanks in advance
G R Babu
Kindly advise me whether income received from sale of my 10 year old car is taxable, if so, should it be shown as income from other sources are capital gain/loss etc.
Thanks in advance
G R Babu
It is personal asset. sorry I forgot to mention
Thanks for your quick response.
KPRS And Associates
New Delhi
CA Inter
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CAclubindia
