Gift by huf to its karta

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Querist : Anonymous

Querist : Anonymous (Querist)

11 October 2015 RESPECTED SIR,
CAN A HUF GIVE GIFT TO ITS KARTA ?
WITH REGARDS

RahulMehta

RahulMehta (Expert)
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11 October 2015 no....it is void ab intitio

Amol S Joglekar

Amol S Joglekar (Expert)
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11 October 2015 HUF can give gift out of its INCOME. But gift out of its capital property is not permitted.

RAHULSMITTAL

RAHULSMITTAL (Expert)
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13 October 2015 Huf can digest the gifts but cant give..

Amol S Joglekar

Amol S Joglekar (Expert)
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14 October 2015 Some how that is GENERAL misunderstanding about HUF.

HUF can very well give GIFT out of its income. (But not out of its capital property)

HUF giving gift to Prime Ministers Fund and claiming deduction u/s 80G can be looked upon as good instance of gift by HUF out of its income.