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Huf

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KANAV SINGH

KANAV SINGH (Querist)
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28 April 2014 gift received by huf from relatives will be exempt or taxable

CA Sanat Pyne

CA Sanat Pyne (Expert)
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28 April 2014 HUF relative means members of HUF. And any gift received from any member of HUF is exempted.

KANAV SINGH

KANAV SINGH (Querist)
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28 April 2014 hi what about gift received from spouse sister.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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28 April 2014 Gift recd from other than member of huf is taxable .

KANAV SINGH

KANAV SINGH (Querist)
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28 April 2014 thanks for reply Sanat.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 April 2014 Harshit/ Sanat,

please refer [2013] 33 taxmann.com 483 (Ahmedabad - Trib.) for an alternative opinion.

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