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Huf

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(Querist)
03 August 2013 whether clubbing provisions are attracted when a karta gives a gift to his huf ?

if yes , then what are the ways to bring corpus into huf ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 August 2013 clubbing provisions do not apply in this case as per FA 2012.
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CA Rohan Mehta

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CA Rohan Mehta (Querist)
06 August 2013 so if karta gives 10 lac to huf as gift tax , income earned on that 10 lac wont b clubbed with income of karta ?

also will gift tax be applicable



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 August 2013 yes as it the gift is given to a relative as per ammended definition of relative under explanation to sec 56(2).

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