Company car sale of exiting exployee will taxable

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... What will be income tax If company sold a car to company employee who is leaving company Regards Narendra - Reply By GOPALJI AGRAWAL - The Reply = The actual cost of the car to the company minus 20% .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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. - Company car sale of exiting exp .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... loyee will taxable - Query Started By: - udit gupta Dated:- 16-9-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Man .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... agement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X