donation of shares to charitable trust, Income Tax

[Pankaj Fitkariwala]

My Queries

 

1) if a company donates listed shares to a charitable trust, does this amounts to transfer and hence capital gain on this needs to be calculated. if yes, what will be the sale price for sale consideration

Posts / Replies

[CA GOPALJI AGRAWAL]

It would be transfer and the price on the date of donation on the stock exchange would be taken,