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Gift by huf to its members

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2015 Whether a HUF can pay gift in cash to its members ?
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CA Anjana Grover

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CA Anjana Grover (Expert)
15 March 2015 Hi,

Gift by HUF can be treated as payment of share of that member & which is exempt under section 10(2) of Income Tax Act.

Regards
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Rupesh Jain

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Rupesh Jain (Expert)
16 March 2015 yes HUF can give gift to its member.
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