Gift
This query is : Resolved
29 December 2013
Gift from HUF to Its member are exempt or taxable? Can Huf give the gift to its coparcener? Please give the appropriate references. however it is clear that huf can receives gift from its member but can vice-e-versa is possible?
30 December 2013
yes it would be exempt. Refer 46 SOT 97
30 December 2013
yes there is no taxablity in this case.
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