Sale of property by trust
This query is : Resolved
R.KANDASUBRAMANIAN
(Querist)
04 June 2013
The trust is registered under section 12A and 80G, the trust is at Tamil nadu
it intends to sell the immovable property bought out of foreign donations
now what are the formalities to sell the property.
a. Court permission
b. approval from IT dept
c. approval from charity commissioner
it intends to sell the immovable property bought out of foreign donations
now what are the formalities to sell the property.
a. Court permission
b. approval from IT dept
c. approval from charity commissioner
V SELVARAJ FCA
(Expert)
05 June 2013
If the Trust is registered in TN, then there is no Charity Commissioner. The Trust has to get approval from High Court only.
R.KANDASUBRAMANIAN
(Querist)
05 June 2013
Thanks for your reply.Please let us know if any approval is required from income tax dept
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