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Gift

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(Querist)
14 September 2009 Respected sir,
I have an HUF. I am not a member of that HUF. I want to accept gift from that HUF. May I do so and please guide who will sign the gift deed. Any other related provision.

With regards

(Subhash)
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
16 September 2009 u can take gift upto Rs. 50000 without tax liability n u need to prepare gift deed on normal paper mentioning all detalis n signed by u n karta of huf.
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