Gift from individual to huf
This query is : Resolved
Quick Summary
14 February 2021
Sir,
If the individual can gift money to huf.purposes is to transfer interest income from individual account to huf.
If the individual can gift money to huf.purposes is to transfer interest income from individual account to huf.
CA Rashmi Gandhi
(Expert)
14 February 2021
Then also such sum is taxable due to clubbing provisions.
29 November 2021
CORRECT. YOU CAN TRANSFER JUST LESS THAN 50,000/- EVERY YEAR!!!
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