Capital Gain in case of transfer of property by way of gift


This query is : Resolved 

Quick Summary
Transferring a plot of land as a gift to a religious trust without receiving any payment raises questions about capital gains tax. The consensus is that such a transfer is indeed chargeable to tax. The sales value for tax purposes is generally determined by the circle rate, which is the value used for stamp duty.

pro badge (Querist)
12 June 2025 I am owner of plot of land. I have gifted this plot of land to religious trust without consideration, whether this transfer is chargeable to tax ?? if yes what shall be sales value ??

13 June 2025 1. Yes
2. As per circle rate i.e based on stamp duty paid.

27 September 2025 Good luck..


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details