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Gift from huf

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(Querist)
25 July 2012 hi experts,

gift received from HUF, is it taxable in the hands of assessee or HUF...?
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CA Sahil Singla..

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CA Sahil Singla.. (Expert)
25 July 2012 HUF can not give gift to it's members. it is invalid under law.
So no tax implications under income tax Act.

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