Capital gains for a trust
This query is : Resolved
23 September 2019
How to Calculate the Capital Gains for a trust?
23 September 2019
Entire sale proceeds will be capital gains for trust.
23 September 2019
How to disclose the capital gain in ITR 7?
Will it be exempted u/s 11(1A) if it is invested in any Capital asset?
or We have to Show the Capital Gain under the head Income from Capital Gain?
Will it be exempted u/s 11(1A) if it is invested in any Capital asset?
or We have to Show the Capital Gain under the head Income from Capital Gain?
23 September 2019
Yes it's exempt when invested in capital asset.
24 September 2019
enter the details in Schedule CG Capital Gains
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