Taxability of gift
k k ghei (Partner) (27 Points)
24 May 2016
RAKESH PARMAR
(Senior Accountant)
(33 Points)
Replied 24 May 2016
RAKESH PARMAR
(Senior Accountant)
(33 Points)
Replied 24 May 2016
k k ghei
(Partner)
(27 Points)
Replied 24 May 2016
Sir,
It is a gift to HUF from the father of Karta
Section 56 no where explain the defenition of relative of HUF. In case of HUF it states any member of HUF. But here the father of Karta is not a member of HUF and hence can not be considered as a relative.