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Company car sale of exiting exployee will taxable, Income Tax |
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Company car sale of exiting exployee will taxable |
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What will be income tax If company sold a car to company employee who is leaving company
Regards
Narendra
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
The actual cost of the car to the company minus 20% depreciation for each completed year on WDV method less consideration received would be taxable as perquisite in the hands of employee if the difference is positive.
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