donation of shares to charitable trust

[Pankaj F]

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

AI Summary

Donating Listed Shares to Charitable Trust is a Transfer; Sale Price Based on Stock Exchange Price on Donation Date. A user inquired whether donating listed shares to a charitable trust constitutes a transfer, necessitating capital gains calculation, and asked about determining the sale price for such a transaction. A response clarified that it indeed qualifies as a transfer, and the sale price should be based on the stock exchange price on the donation date.