Income Tax on Car sold after personal use for 6 year By Anand Gupta TaxGuru

Income Tax on Car sold after personal use for 6 year Whether a car in personal use for 6 years sold at a profit ,will the gain taxable under provisions of the Income Tax Act, 1961; PROBLEM 1:- Mr. X, a resident individual is maintaining a car for his personal use. He has sold the care after a period of 6 years at a profit of […]

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