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Gift

This query is : Resolved 
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(Querist)
26 July 2010 Father of Karta Can Give Gift.....to HUF .

is it exempt?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
26 July 2010 upto 50000/- is exempted.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
26 July 2010 AGREED, IT IS NOT COVERED IN DEFINATION OF RELATIVE, HENCE UPTO 50000 IS TAX FREE.
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