Easy Office

Gift from HUF to individual member

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 May 2022 Hi Experts
Can an Individual receive gift from HUF. Is it exempted or taxable u/s 56(2)(x), as the relative definiton does not include HUF.Please Clarify
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
14 May 2022 Members of huf can receive gift from huf it's not taxable. It's considered as gift from relative.
HUF is group of relatives.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links