Capital gain
This query is : Resolved
chaitali katti
(Querist)
03 September 2014
if a trust is created & a vacant site is transfered in the name of the trust then do the clubbing provisions apply with regard to capital gain when the said property is sold?
CA SUNIL K GARG
(Expert)
03 September 2014
pls refer to sec 11 (1A),
when the trust sell the property, capital gain will apply, if the trust does not invest the sale proceeds to purchase another assets
when the trust sell the property, capital gain will apply, if the trust does not invest the sale proceeds to purchase another assets
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