banner_ad

Gift by huf to member

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 December 2015 sir what will be consequences if huf will transfer asset to member.. can we take it as gift or capital withdrawal?
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
20 December 2015 HUF can always distribute its income.
But GIFT by HUF per se has no locus standi. Gift to HUF is on altogether different footing.
Capital withdrawl : Partial partition is derecognised by Income Tax. But Hindu law does admit partial partition.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details