Dear sir / madam
My questoin is ...
If a proprietor buy car on firm name and taken depreciation on the car, after use of few years he sold this car to one person .. what are the compliances we need to do ....?
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Sale of used car by proprietor
Replies (2)
Quick Summary
Depreciation claim and can sell, but no profit.
Okay....do we need to issue tax invoice ?
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