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

Transfer treatment for donated listed shares: stock exchange price on donation date governs capital gains consideration.
Donation of listed shares to a charitable trust is a transfer for capital gains purposes; the sale consideration is the stock exchange market price on the date of donation, which is used to compute capital gain.