Question ID : 38034

Sale of land by Trust

The land has been sold by trust and accordingly, the tax has been paid and the proceeds realized from the sale of land has been distributed to the trustees. There are two points: 1. Whether tax paid at the time of sale has been correct. 2. Tax treatment in the hands of the trustee.

posted by Shobhit Bansal on Mar 12 2019 12:00AM