If the registered trust gifts a property to its unregistered branch or any other unregistered trust, is it taxable in the hands of receiving trust? Please explain me in detail
Thanks in advance
If the registered trust gifts a property to its unregistered branch or any other unregistered trust, is it taxable in the hands of receiving trust? Please explain me in detail
Thanks in advance
Dear Santoshi,
According to changed provision there can not be an unregd trust. So in case gift the other provision will apply.
| Originally posted by :Santhoshi Sharma | ||
| " | If the registered trust gifts a property to its unregistered branch or any other unregistered trust, is it taxable in the hands of receiving trust? Please explain me in detail Thanks in advance |
" |
It is taxable
CAclubindia
