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
2 Replies
Hitesh Kothari
(Chartered Accountant M.No. - 134239)
(326 Points)
Replied 03 March 2009
Dear Santoshi,
According to changed provision there can not be an unregd trust. So in case gift the other provision will apply.
CA CS VINAYAK PATIL
(CHARTERED ACCOUNTANT)
(921 Points)
Replied 03 March 2009
| 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
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