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09 March 2016 A karta having no IT file.had gift an amount (i.e sale of land costing 60,00,000)to his three sons @2000000 each.All married son have only Individual IT file.No any HUF is creating among them.Can it be taxable in each member hand.Kindly Clarify.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 March 2016 If HUF have gifted to co parcerners then its not taxable in the hands of Co parcerners i,e sons
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