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Trust

03 March 2009

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

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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.

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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	"