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Question ID : 40429

CHARITABLE TRUST

TRANSFER FIXED ASSET BY A CHARITABLE TRUST REGISTERED U/S 12AA TO ANOTHER CHARITABLE TRUST WITH SAME OBJECT S BUT WITHOUT REGN. U/S12AA. KINDLY CLARIFY THE IMPACT FOR THE TRANSFERROR TRUST AND THE TRANSFEREE TRUST UNDER INCOME TAX ACT

Posted by P.SHANGAR on Oct 12, 2019

Filed Under DIRECT TAXES

Answer ID : 85677

permitted.....capital gains may arise for the transferor trust

Posted by SIVADAS CHETTOOR on Feb 16, 2025