Tax on immovable assets sale in charity trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2018
We have one charity trust.we would like to sale one immovable assets .
Can we sale it ? what is process ?
Capital gain tax will applicable ?
If we received fund , can we give it to another charity trust as corpse fund ? what would be the process?
Please advise
Thanks
Girish Limbachiya
Can we sale it ? what is process ?
Capital gain tax will applicable ?
If we received fund , can we give it to another charity trust as corpse fund ? what would be the process?
Please advise
Thanks
Girish Limbachiya
22 February 2018
In case of income tax registered trust,
You can sell.
Sale value to be utilised for buying an asset or to be deposited in bank account to avoid capital gains tax
You can sell.
Sale value to be utilised for buying an asset or to be deposited in bank account to avoid capital gains tax
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