Tax exemption/ relief on donation to charity
This query is : Resolved
28 September 2019
My client wish to sell his land for 1 crore + and give the entire sale proceeds to charity ( orphanage ) . 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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