Gift from greater huf to its great grand in laws
This query is : Resolved
KISHAN ACHARYA
(Querist)
19 May 2014
Sir Can a Greater HUF make a gift to its Great Grand in Laws any movable property like jewellery.
Kindly clearify.
Kindly clearify.
Sandeep Dharar
(Expert)
19 May 2014
What do u mean by greater HUF n greater grand huf?
KISHAN ACHARYA
(Querist)
19 May 2014
Greater HUF means HUF exist after death of Grand Father of recently run HUF and Great Grand in laws implies the wife of Great Grand Son.
Kindly advice me.
Kindly advice me.
Sandeep Dharar
(Expert)
19 May 2014
In Individual it is exempted but for HUFS it is fully Taxable.
KISHAN ACHARYA
(Querist)
19 May 2014
Thanks a lot. But i hear some time back in sep 2013 that there is SC judgment over this issue if you know that ??
Sandeep Dharar
(Expert)
19 May 2014
No, I didnt hear any such.
Well, convey ur thanks by hitting the thanks button.
Well, convey ur thanks by hitting the thanks button.
Message likes :
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Nikhil Kaushik
(Expert)
19 May 2014
Dear Kishan,
It will considered as exempt.
It will considered as exempt.
Message likes :
1 times
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