Donation to a charitable trust
This query is : Resolved
12 August 2015
IF AN INDIVIDUAL MAKES A DONATION TO A TRUST IN KIND (LAND & BUILDING) WITHOUT ANY CONSIDERATION , THEN WHAT SHALL BE THE TAXABILITY IN THE HANDS OF INDIVIDUAL AS WELL AS IN THE HANDS OF TRUST .
12 August 2015
In the hands of individual it is exempted being donation to charitable trust. In the hands of the trust it is exempted provided it is approved charitable trust under income tax.
12 August 2015
Sir, can you please provide me the relevant provsions/sections of the act
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