Sale of used car by proprietor

Accounts 558 views 2 replies

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 ....?

 

Replies (2)

Depreciation claim and can sell, but no profit.

Okay....do we need to issue tax invoice ?


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