Transfer of assets held by one trust to another trust
This query is : Resolved
Anju Varghese
(Querist)
21 February 2023
Can a Trust transfer assets held by it to another Trust? is there any Capital Gain tax implication on both the trusts?
CA R SEETHARAMAN
(Expert)
21 February 2023
In case of both charitable trusts having same object capital gains tax not applicable.
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