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Gift from HUF on Marriage time

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 January 2011 Sir,

A person reced gift from his grandfather HUF after one and half month of his marriage.

above gift raised any tax liability, explain me

person want to be recd the gift after marriage now

30 January 2011 Yes the gift is fully taxable.

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30 January 2011 Please clarify whether gift transaction is already over or it is to be done now after marriage.


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