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

[CAGOPALJI AGRAWAL]

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

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.