GIFT FROM HUF
This query is : Resolved
22 July 2010
CAN I TAKE GIFT FROM HUF?
22 July 2010
NO u cannot as the same results into partial partition of HUF and the same is not allowed in Income tax act.
22 July 2010
There is nothing in IT act which prohibits u from accepting the gift except that the income wil be clubbed in the hands of HUF
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