Gift by huf to its members
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2015
Whether a HUF can pay gift in cash to its members ?
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
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
Rupesh Jain
(Expert)
16 March 2015
yes HUF can give gift to its member.
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