Gift

This query is : Resolved

virat (Querist)
Follow

14 August 2020 If Individual Gift Land to The Trust then What will be the Tax Implications in Both hands?
Amount of Property is above Rs.50,000.

CA R SEETHARAMAN (Expert)
Follow

14 August 2020 No tax in the hands of individual. No tax in the hands of charitable trust. Taxable in the hands of other trust.

virat (Querist)
Follow

14 August 2020 Charitable means Registered Under Sec.12A?
and please also quote Section reference for No Tax in both hands.

CA R SEETHARAMAN (Expert)
Follow

14 August 2020 Yes, registered under 12A.
Taxability of Gift U/s 56(2)(X)

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

Unanswered Queries

view all classess