Huf
This query is : Resolved
KANAV SINGH
(Querist)
28 April 2014
gift received by huf from relatives will be exempt or taxable
CA Sanat Pyne
(Expert)
28 April 2014
HUF relative means members of HUF. And any gift received from any member of HUF is exempted.
KANAV SINGH
(Querist)
28 April 2014
hi what about gift received from spouse sister.
CA Sanat Pyne
(Expert)
28 April 2014
Gift recd from other than member of huf is taxable .
KANAV SINGH
(Querist)
28 April 2014
thanks for reply Sanat.
Nikhil Kaushik
(Expert)
28 April 2014
Harshit/ Sanat,
please refer [2013] 33 taxmann.com 483 (Ahmedabad - Trib.) for an alternative opinion.
please refer [2013] 33 taxmann.com 483 (Ahmedabad - Trib.) for an alternative opinion.
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