Tax implication on sale of personal car

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  1. R V S MANI

    R V S MANI New Member

    If I sell my car:
    1. is the sale value considered as 'other income'?
    2. is there a TDS implication for the buyer?
    3. are there any other tax implications?
     
  2. Neelam Chhalani

    Neelam Chhalani New Member

    Cars used for personal purpose is not taxable. Hence no TDS implication also.
     
  3. R V S MANI

    R V S MANI New Member

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