Is Gift from Father's HUF to Son's HUF exempt from tax ?
..thanks..
Is Gift from Father's HUF to Son's HUF exempt from tax ?
..thanks..
An HUF can recieve any amount in gift from bigger HUF’s (HUF of Father, HUF of Grandfather) which solves your prob...
however son should be married..
GIfts given or distributed by the HUF is fully taxable.
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