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Taxabilty

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2013 IF AN INDIVIDUAL DONATES HOUSE PROPERTY TO A TRUST THEN WHAT WILL BE THE TAXABILITY OF HOUSE PROPERTY IN HANDS OF
A) DONOR
B) TRUST
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
12 December 2013 for trust - it is not chargeable to tax. as it is a capital asset and capital receipt is not chargeable to tax.

for donor - not chargeable to tax .
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2013 WHAT IS THE RELATED SECTION TO IT?
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