Capital gain tax

SAMIR SHAH (Querist) 22 December 2012 This query is : Resolved
i am transferring a plot of land to a trust as gift. is capital gain tax applicable with special reference to section 50C. AND WILL STAMP DUTY ON TRANSFER OF LAND ALSO APPLICABLE.

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ajay sethi (Expert) 22 December 2012
for tax queries visit CA club india.com

Raj Kumar Makkad (Expert) 01 January 2013
As the property is being gifted to a charitable trust so the question of capital tax do not arise but definitely you shall have to pay stamp duty.

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