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Land sold to charitable trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 February 2014 WE ARE SELLING LAND TO CHARITABLE TRUST IT IS TAXBLE OR EXEMPTED
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 February 2014 Capital gain will arise in the hands of the seller. There is no exemption to the seller.

The only exemption is if the land is given as gift.

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