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Taxability in the hand of company and trust if a company tra

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2015 Good Evening all !!

Plz tell me about the taxability in the hand of company and trust if a company transfer its land by way of gift to a trust.also tell me about any tax planning in this case

Thanks in advance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 February 2015 Company can get tax benefits up to 50% of value of gift u/s 80G if donation given to charitable trust registered u/s 12AA of income tax and approved u/s 80G.
See the link for more details.
http://www.investmentyogi.com/taxes/tax-deduction-under-section-80g-for-donations-towards-social-causes.aspx
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Rupesh Jain

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Rupesh Jain (Expert)
03 February 2015 its not cover the things only money tfr. will cover.
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2015 Thanks for reply!!

Any other better way of transfer ???

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