Gift received by huf from karta

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2015 GIFT (MONETARY AND SHARES & SECURITIES)RECEIVED BY HUF FROM ANY MEMBER OF HUF WILL ATTRACT ANY INCOME TAX LIABILITY IN THE HANDS OF HUF....?

CAN I GIFT SHARES FROM INDIVIDUAL DEMAT TO MY HUF....?

IF YES, WHAT'S ABOUT THE STAMP DUTY LIABILITY FOR THE STATE OF GUJARAT...?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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19 June 2015 There will be no implications in the hands of HUF since gifts received by HUF from its members are exempt being members of HUF are its relatives under Income Tax Act.