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Gift provision

This query is : Resolved 
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(Querist)
21 August 2017 A is a Karta of HUF. Mother of A wants to make a gift of Rs.700000 to the HUF. Please advise me how to make such transfer so that the tax liability become nil in the hands of both.
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Sashank Dundu

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Sashank Dundu (Expert)
22 August 2017 Since the mother is also a coparcenor and member in the HUF, any gift by a member to the HUF is not taxable.
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