Capital gain on gift


This query is : Resolved 

23 January 2016 Whether sec 56(2)(vii) applied to trust not registered under 12AA.

23 January 2016 A trust is not an Individual or HUF so as to apply Section 56(2)(vii).

24 January 2016 since it is not registered under 12AA then which prevision shall apply on it

24 January 2016 since it is not registered under 12AA which provision shall apply


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