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Winding up of trust

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(Querist)
07 December 2011 What are the tax implications in case of winding up of a private discritionery trust in the hands of the benefecieries as well as the trust
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naresh

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naresh (Querist)
07 December 2011 whether capital gain applicable if assets are transferred without consideration to its benefeciery u/s 56(2)(vii)

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