banner_ad

Clubbing of income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 July 2013 Mr. X is a Karta of X (HUF) has made a Gift of Rs. 500000/- to X (HUF). The Gift so made is tax free in the hands of X (HUF). Since any amount received by HUF from its member is Exempt from Tax as per the amendments made by Budget 2012. Now I want to clarify the tax impact in the hands of MR. X Karta in his individual Capacity on the Income Earned by HUF on Gifted amount as per Clubbing Provisions of Section 64.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
29 July 2013 No clubbing provisions would apply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details