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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Trust - Transfer versus Donation - Transfer of assets for ...


Asset Transfers Between Societies Taxed as Capital Gains, Not Donations, Under Income Tax Law.

February 21, 2012

Case Laws     Income Tax     AT

Trust - Transfer versus Donation - Transfer of assets for consideration, from one society to another, which has been received by way of book entries and cannot be a donation - Taxable as "Capital Gain". - AT

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