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Huf

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(Querist)
04 February 2012 Can HUF receive GIFTS ?
From Whom?
Can Karta or Co parceners give gift to his HUF from individual.?
And how much taxable free gift allowed ?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
04 February 2012 Yes HUF can receive GIFTS.
No, Karta or Co-parceners can not give gift to HUF. If they do then clubbing provision will be applicable.

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