Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2012
Gift received from member is taxable to HUF or not?
&
Income from that gift made to HUF is taxable in whose hand?
&
Income from that gift made to HUF is taxable in whose hand?
29 December 2012
1. Gift Received from a member by the HUF is not taxable in the hands of HUF.
.
2. Income from the gifted Property will be clubbed in the hands of the member by the virtue of Section 64(2).
.
.
2. Income from the gifted Property will be clubbed in the hands of the member by the virtue of Section 64(2).
.
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