DONATION A FLOOR TO RELIGIOUS TRUST
This query is : Resolved
Sanjay Kumar
(Querist)
02 May 2011
DONATION A FLOOR OF PROPERTY TO A RELIGIOUS TRUST
COST OF FLOOR IS APPROXIMATE 1 CRORE
WHAT IS TREATMENT IN INCOME TAX
AND SO ON
COST OF FLOOR IS APPROXIMATE 1 CRORE
WHAT IS TREATMENT IN INCOME TAX
AND SO ON
CA PARAS BAFNA
(Expert)
02 May 2011
sanjay Kumar,
In your another query, you were supposed to donate the entire property having the same approximate cost.
*
However, if you donate a single room only, it's not creating any capital gains tax liability from the income tax point of view as donations to trusts are kept out of the per-view of the definition of "Transfer".
*
In your another query, you were supposed to donate the entire property having the same approximate cost.
*
However, if you donate a single room only, it's not creating any capital gains tax liability from the income tax point of view as donations to trusts are kept out of the per-view of the definition of "Transfer".
*
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