Huf
This query is : Resolved
04 February 2012
Can HUF receive GIFTS ?
From Whom?
Can Karta or Co parceners give gift to his HUF from individual.?
And how much taxable free gift allowed ?
From Whom?
Can Karta or Co parceners give gift to his HUF from individual.?
And how much taxable free gift allowed ?
04 February 2012
Yes HUF can receive GIFTS.
No, Karta or Co-parceners can not give gift to HUF. If they do then clubbing provision will be applicable.
No, Karta or Co-parceners can not give gift to HUF. If they do then clubbing provision will be applicable.
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