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Opinion on donation
My client is looking into 2 options.He is a Managing trustee of Religious trust
1. He wants to transfer (Ownership) his property to trust for construction of a spiritual building .
or
2. He may just give possession (without transferring the Ownership) to construct the spiritual building and commercial shops and let out income is used for Trust purpose.
Thanks in advance
Replies (1)
go through sec 11 and 12 and 13 of income tax
you will get answer of ur question
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