Tax on used car sale when selling with depreciated value within 36 months of purchase

Income Tax
1

I have purchased a used car with 2.35L price 24 months ago and now selling with 2.1L price . Will I be liable for paying any taxes in this scenario

2

Hey @rajesh.ingole26,

If the motor vehicle is being used for personal purposes then it will not attract any tax on the sale of the vehicle as it is not considered a capital asset.

Hope this helps!