Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2016
Does gift received from brother of karta or brother of any coparcener taxable.Is there any limit.
05 May 2016
If the gift has been received in personal capacity of HUF karta from a relative, there is no tax. If the gift has been received from any member of HUF to HUF is also not taxable. The limit is Rs. 50,000 per annum in aggregate.
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