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Tax exemption on donation

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28 September 2019 A client wish to sell land for 2 crore+ and give his entire sale proceeds to orphan homes. Whether any tax exemption/relief available for above mentioned transaction ?

04 June 2020 Capital Gain Tax still needs to be paid even if the sales proceeds are gifted.

https://economictimes.indiatimes.com/wealth/tax/what-are-the-tax-implications-of-gifting-proceeds-from-sale-of-land/articleshow/66687983.cms?from=mdr



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