Transfer of property
B. Ravi Kumar (Artucle) (48 Points)
29 May 2017B. Ravi Kumar (Artucle) (48 Points)
29 May 2017
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 29 May 2017
Incase of gifts received the cost of gift to the receiver shall be the original cost of the payer.
In this case, cost of land to the charitable trust shall be the cost of Mr. A i.e Rs 1 Lacs.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 29 May 2017
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