Capital gain on gift

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Monika (Querist)
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23 January 2016 Whether sec 56(2)(vii) applied to trust not registered under 12AA.

CA PARAS BAFNA (Expert)
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23 January 2016 A trust is not an Individual or HUF so as to apply Section 56(2)(vii).

Monika (Querist)
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24 January 2016 since it is not registered under 12AA then which prevision shall apply on it

Monika (Querist)
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24 January 2016 since it is not registered under 12AA which provision shall apply

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