Gift by huf to its karta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2015
RESPECTED SIR,
CAN A HUF GIVE GIFT TO ITS KARTA ?
WITH REGARDS
CAN A HUF GIVE GIFT TO ITS KARTA ?
WITH REGARDS
RahulMehta
(Expert)
11 October 2015
no....it is void ab intitio
Amol S Joglekar
(Expert)
11 October 2015
HUF can give gift out of its INCOME. But gift out of its capital property is not permitted.
RAHULSMITTAL
(Expert)
13 October 2015
Huf can digest the gifts but cant give..
Amol S Joglekar
(Expert)
14 October 2015
Some how that is GENERAL misunderstanding about HUF.
HUF can very well give GIFT out of its income. (But not out of its capital property)
HUF giving gift to Prime Ministers Fund and claiming deduction u/s 80G can be looked upon as good instance of gift by HUF out of its income.
HUF can very well give GIFT out of its income. (But not out of its capital property)
HUF giving gift to Prime Ministers Fund and claiming deduction u/s 80G can be looked upon as good instance of gift by HUF out of its income.
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