Huf
This query is : Resolved
08 January 2018
Whether gift received from members of HUF is taxable to HUF?
Whether gift received from relative of "KARTA" is taxable to HUF?
Whether gift received from relative of any member of HUF is taxable to HUF?
Thanks in advance.
Whether gift received from relative of "KARTA" is taxable to HUF?
Whether gift received from relative of any member of HUF is taxable to HUF?
Thanks in advance.
09 January 2018
Gift from member of HUF to HUF is not taxable to HUF u/s 56(2)(x) but any income arising from it will be clubbed with member's income.In rest of the two cases it will be taxable to HUF however if the gift amount does not exceed Rs 50,000 nothing will be taxable and in case it exceeds Rs 50,000 whole amount will be taxable.
09 January 2018
THANKS FOR YOUR VALUABLE REPLY.
09 January 2018
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