gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2010
Hiii
The father wants to give gift to son's huf.
is it possible???
and whether this gift is taxable or not???
The father wants to give gift to son's huf.
is it possible???
and whether this gift is taxable or not???
22 February 2010
Is father not member of this HUF??
If not then he should give property to his son and this will be covered u/s 56(2)(vii) and according to that property received from relative will not be taxable in the hands of individual.
Regards!!!
Dinesh S. Adhikari
If not then he should give property to his son and this will be covered u/s 56(2)(vii) and according to that property received from relative will not be taxable in the hands of individual.
Regards!!!
Dinesh S. Adhikari
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