huf related
Rajneesh Kumar (1 Points)
17 June 2017
I am Karta of hug. can I add funds to it? what would be tax implications?
Rajneesh Kumar (1 Points)
17 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 17 June 2017
HUF can accept any amount of Gift from its members/Karta without any tax implication, as members are relative to HUF as per section 56(2)(vii)
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