Can huf give gift to karta or kartas wife and son
This query is : Resolved
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ARUN GUPTA
(Querist)
24 December 2025
I am the karta of my huf firm andy huf firm wants to give gift to me or my wife or son? Will this gift be taxable ? Will there be any issues from income tax ? Please clarify whether gift is lawful as per income tax.
Dhirajlal Rambhia
(Expert)
25 December 2025
In specific situation; otherwise not.
ARUN GUPTA
(Querist)
25 December 2025
What are those specific situations? Please clarify with examples
Dhirajlal Rambhia
(Expert)
25 December 2025
Any family occasions like marriage or medical emergencies are considered for such gifts.
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