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Gift to son's huf

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(Querist)
28 December 2014 Can my father gift as sum of Rs.5.0 lac to my HUF without any tax implicaitons.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
28 December 2014 only when the donor and reciever are part of the huf the its exempted from tax.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
28 December 2014 You are the Karta, & HUF Received Gifts from Karta's Father, Its Taxable.

Pl Read with Definition of Relatives, No where This Relative is mentioned.


Regards
CA Ayush Agrawal
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