Tax exemption on donation
This query is : Resolved
28 September 2019
A client wish to sell land for 2 crore+ and give his entire sale proceeds to orphan homes. Whether any tax exemption/relief available for above mentioned transaction ?
04 June 2020
Capital Gain Tax still needs to be paid even if the sales proceeds are gifted.
https://economictimes.indiatimes.com/wealth/tax/what-are-the-tax-implications-of-gifting-proceeds-from-sale-of-land/articleshow/66687983.cms?from=mdr
https://economictimes.indiatimes.com/wealth/tax/what-are-the-tax-implications-of-gifting-proceeds-from-sale-of-land/articleshow/66687983.cms?from=mdr
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