Clubbing of income

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Scholar (Querist)
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02 August 2015 Whether section 64 gets attracted when member gives gift in cash to HUF and HUF earns taxable interest out of it?

Scholar (Querist)
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05 August 2015 Friends, Can someone may please look in to and guide?

CS,CA F,Numrologi TusharSampat (Expert)
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05 August 2015 if members gives gift to huf then no tax is applicable as per sec 56(2)

Scholar (Querist)
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05 August 2015 Thanks Tushar. What if HUF earns interest out of it? Whether clubbing provision of section 64 will get attracted in case of member?

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