Attracting gift
This query is : Resolved
10 November 2012
Mr. Manish has a HUF which consist of Mr.&Mrs. Manish and his two sons.
Smt.Kamala Bai - mother of Mr.Manish desires to Gift to Manish(HUF).
Note*** Smt. Kamala Bai is not part of Manish(HUF)
Q) In the hand of Manish(HUF) gift is Exempt or Taxable?
Smt.Kamala Bai - mother of Mr.Manish desires to Gift to Manish(HUF).
Note*** Smt. Kamala Bai is not part of Manish(HUF)
Q) In the hand of Manish(HUF) gift is Exempt or Taxable?
10 November 2012
Taxable if the gift amount is more than 50,000/- in a year.
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