Donations

shyam lal (Querist) 18 February 2025 This query is : Resolved
Can sale proceeds of immovable property be donated /transferred to a NGO account

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Yes, you can donate the proceeds from the sale of your immovable property to an NGO. The funds generated from selling your property are considered movable assets and can be gifted to any organisation or individual of your choice without legal restrictions. This transfer is viewed as a movable gift to the NGO.

kavksatyanarayana (Expert) 18 February 2025
Yes by way of a movable gift to the NGO.

T. Kalaiselvan, Advocate (Expert) 19 February 2025
You are at your liberty to dispose your amount procured out of sale proceeds of your property hence there's no legal infirmity to donate the money to NGO or anyone of your choice

Advocate Bhartesh goyal (Expert) 19 February 2025
Sale consideration of immovable property can be transferred/gift to anyone, no restrictions.

Dr. J C Vashista (Expert) 19 February 2025
Since immovable property owned by vendor is stated to have been sold, there is no infirmity to dispose consideration amount of such property.
I endorse the opinion and advise of learned experts hereinabove.

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