Tax on immovable assets sale in charity trust

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 February 2018 We have one charity trust.we would like to sale one immovable assets .

Can we sale it ? what is process ?
Capital gain tax will applicable ?
If we received fund , can we give it to another charity trust as corpse fund ? what would be the process?

Please advise
Thanks
Girish Limbachiya

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 February 2018 In case of income tax registered trust,
You can sell.
Sale value to be utilised for buying an asset or to be deposited in bank account to avoid capital gains tax