If the registered trust gifts a property to its unregistered branch or any other unregistered trust, is it taxable in the hands of receiving trust? Please explain me in detail
Thanks in advance
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Replies (2)
Dear Santoshi,
According to changed provision there can not be an unregd trust. So in case gift the other provision will apply.
| Originally posted by :Santhoshi Sharma | ||
| " | If the registered trust gifts a property to its unregistered branch or any other unregistered trust, is it taxable in the hands of receiving trust? Please explain me in detail Thanks in advance |
" |
It is taxable
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