Dear all Professionals,
I stay in Mumbai -
I am working in a Chartered Accountants firm, one of our Client had Gifted his entire building as a Donation. The building
The facts of the case are in Mumbai - 400003 Bhendi Bazaar whole of Bori Mohalla is undergoing a huge project - one of our clients also stays at Bhendi Bazaar, they are the owners of one of the Building, as the part of Religious sentiments, our client's has gifted entire building as a Donation to the upcoming project - they are not taking any money for the same - so it is the case of gift or donation -
So my query is whether there will be any Tax Liability on such Donation ???
Please help ??? About tax liability
CAclubindia
