Sir, Karta of HUF interested to a Gift immovable property consisting of House property to a Trust created for charitable Purpose whether any Income tax or Gift Tax is payable by donar or donee ? If payble at What Rate ?
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Gift tax
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Gift by HUF is void ab inition...Even if HUF have gifted the same shall be assessed in hands of HUF. No cap gain arises as property as there is no transfer
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