TAXATION OF SALE OF PERSONAL CAR

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  1. MURALIDHARAN M

    MURALIDHARAN M New Member

    How to show the money received in the Bank ACCOUNT via NEFT the proceeds of sale of personal car. Ofcourse, it was used for 4 years. Please guide how the money should be shown in ITR for a salaried employee.
     
  2. It is no where show in ITR . You can file your return by showing only salary income.
    It is not show because its use for your personal purpose. And obviously , there will be loss by selling it.

    For any query,
    Ph:9717538224
     
  3. MURALIDHARAN M

    MURALIDHARAN M New Member

    Thank you.
     
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