Question ID : 39339

Private Trust

One of our Clients want to make a private trust for that he want to transfer land and builiding presently held by him, his father and mother. DLC rate of it is 2 Crores at nominal value. The beneficiaries of trust will be his father, mother and his two daughters. Will there be capital gain tax on this transfer. What will be the sale price the amount recorded in trust books or DLC Rate.

posted by VIPIN GUPTA on Aug 11 2019 12:00AM