Land sold to charitable trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2014
WE ARE SELLING LAND TO CHARITABLE TRUST IT IS TAXBLE OR EXEMPTED
25 February 2014
Capital gain will arise in the hands of the seller. There is no exemption to the seller.
The only exemption is if the land is given as gift.
The only exemption is if the land is given as gift.
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