Gift to HUF
This query is : Resolved
26 March 2009
What would be the taxability of gift received by father or mother to their son's HUF in the hands of the HUF?
26 March 2009
ur question nt clear...
26 March 2009
k.. i restate the question..........
if father/ mother gifts a sum of money exceeding Rs. 50,000 to the son's HUF, then what would be the taxablitiy of the gift money in the hands of HUF?
if father/ mother gifts a sum of money exceeding Rs. 50,000 to the son's HUF, then what would be the taxablitiy of the gift money in the hands of HUF?
26 March 2009
Dear Suchi,
Fully taxable, as HUF can't have father or mother, their was a famous case law on this, even this question is being asked manier times in the club. Income tax also clarifies that HUF can't have relative
Fully taxable, as HUF can't have father or mother, their was a famous case law on this, even this question is being asked manier times in the club. Income tax also clarifies that HUF can't have relative
26 March 2009
i support mr. lokesh
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