Gift by huf to karta

Harshita (CA FINAL STUDENT) (116 Points)

24 September 2013  

SIR,

 

PLEASE CLEAR MY DOUBT WHETHER HUF CAN GIVE CASH/CHEQUE  GIFT TO ITS KARTA OF ABOUT 80% OF ITS PROPERTY

OR

WHETHER HUF CAN GIVE CASH/CHEQUE  GIFT TO ONE OF ITS COPERCENERS ABOUT 80% OF ITS PROPERTY

 

WHAT  WILL BE THE TAX IMPLICATIONS AND OTHER MEMBERS RIGHT IN BOTH CASE

PLEASE REPLY URGENT