definition of the relative as per gift
This query is : Resolved
22 July 2010
if any huf will gift to karta of the huf then it should be counted as gift to relative?
22 July 2010
yes
22 July 2010
No, Gift given by Huf to its karta is not counted as gift by relative.
https://www.itatonline.org/articles_new/index.php/law-on-taxability-of-gifts-a-comprehensive-analysis/
https://www.itatonline.org/articles_new/index.php/law-on-taxability-of-gifts-a-comprehensive-analysis/
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