banner_ad

gift

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 November 2009 can a HUF gift property to its member???

if yes, whether it is exempt U/s. 56(2)(vi)???
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
23 November 2009 NO HUF cannot gift property to its member as partial partition of HUF is not allowed. Only if complete partition of HUF is made then only the assets of the HUF can be gifted to the members.

It would be exempt u/s 56(2)(vi) subject to above and also clubbing provisions need to be checked.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
23 November 2009 agree
Profile Image

CA. Gurdeep Singh Chawla

Profile Image

CA. Gurdeep Singh Chawla (Expert)
23 November 2009 HUF cannot gift to its member
Profile Image

CA. Rishabh Mittal

Profile Image

CA. Rishabh Mittal (Expert)
23 November 2009 Partial Partion is not allowed. Distribution of assets should be part of full partition of HUF. Please check the provisions relevant to it.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
23 November 2009 .
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
23 November 2009 Only full partition allowed,Partial Partion is not allowed. HUF cannot gift to its member.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details