Eligibility for it rebate in salary
This query is : Resolved
Roshini Arya
(Querist)
19 May 2013
Respected Experts
I have a query regarding HUF.
If an employee working for a company wants a part of his gross salary be paid as a gift to HUF for an amount of not more than Rs 50000 can the organisation do so and if yes under what header will such a transaction be recorded as.
Also how can an individual having a HUF account save tax from the salary he draws from an organisation as an individual.
Please clarify.
Much Obliged
Roshini Arya
I have a query regarding HUF.
If an employee working for a company wants a part of his gross salary be paid as a gift to HUF for an amount of not more than Rs 50000 can the organisation do so and if yes under what header will such a transaction be recorded as.
Also how can an individual having a HUF account save tax from the salary he draws from an organisation as an individual.
Please clarify.
Much Obliged
Roshini Arya
CMA Ramesh Krishnan
(Expert)
03 July 2013
Even salary income transfer to HUF, it is taxable in the hands of employee
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