gift tax
This query is : Resolved
binod kumar jajodia
(Querist)
31 May 2009
can huf take gift rs 50000/- in cash from non relative if yes what is the tax rate
CA Nitin Wadhwani
(Expert)
31 May 2009
There is no such concept such as "relative of HUF".
So in the context of HUF nobody is relative.
Gift upto 50,000/- from non-relatives is exempt.
So in the context of HUF nobody is relative.
Gift upto 50,000/- from non-relatives is exempt.
01 June 2009
Gift up to 50,000/- is exempt.
01 June 2009
Gift up to 50,000/- is exempt.
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