Can a HUF receive gift
This query is : Resolved
07 July 2011
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Can a HUF receive gift from its members or other persons
Can a HUF receive gift from its members or other persons
07 July 2011
It can receive total gifts of up to Rs 50000/ in cash. If it receives more than 50000/ entire amount will be treated as taxable income and will be taxed as IFOS.
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