huf
This query is : Resolved
20 May 2011
Dear sir
can my father`s HUF give gift more then 5 lacs to my HUF & my Brother`s HUF by banker`s cheque ,If Yes then,is it taxable?
can my father`s HUF give gift more then 5 lacs to my HUF & my Brother`s HUF by banker`s cheque ,If Yes then,is it taxable?
20 May 2011
relatives are meant for individual and not for HUF which is a virtual body, so any amount over 50000 is taxable
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