Company car sale of exiting exployee will taxable

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....ompany car sale of exiting exployee will taxable<br> Query (Issue) Started By: - udit gupta Dated:- 16-9-2010 Last Reply Date:- 18-9-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>What will be income....

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.... 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% depreciation for each c....

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....ompleted year on WDV method less consideration received would be taxable as perquisite in the hands of employee if the difference is positive.<br> Discussion Forum - Knowledge Sharing ....