Huf
This query is : Resolved
23 February 2012
HELLO SIR
IS ANY MEMBER OF HUF CAN GIVE TAX FREE GIFT TO THEIR HUF ?
THANK YOU
IS ANY MEMBER OF HUF CAN GIVE TAX FREE GIFT TO THEIR HUF ?
THANK YOU
23 February 2012
A member can give gift to his HUF. Any income earned from such fund will be clubbed in the hands of the donor by virtue of Section 64(2)
23 February 2012
THANKYOU SIR
BUT HERE GIFT & CONTRIBUTION ARE DIFFERENT OR SAME ?
AS IF MR. X AS MEMBER OF HUF CAN GIVE RS. 200000/- TO HUF THEN IN B/SHHET IT SHOULD BE GIFT OR CONTRIBUTION?
IS HE (MEMBER OF HUF) CAN GIVE INTEREST FREE LOAN(OWN FUND) TO HUF?
THANKYOU
BUT HERE GIFT & CONTRIBUTION ARE DIFFERENT OR SAME ?
AS IF MR. X AS MEMBER OF HUF CAN GIVE RS. 200000/- TO HUF THEN IN B/SHHET IT SHOULD BE GIFT OR CONTRIBUTION?
IS HE (MEMBER OF HUF) CAN GIVE INTEREST FREE LOAN(OWN FUND) TO HUF?
THANKYOU
23 February 2012
CONTRIBUTION OR GIFT ARE THE SAME.
.
IF HE GIVES INTEREST FREE LOAN FROM HIS OWN FUNDS(NOT WITH INTEREST BEARING BORROWED FUNDS), THERE WILL BE NO PROBLEM.
.
IF HE GIVES INTEREST FREE LOAN FROM HIS OWN FUNDS(NOT WITH INTEREST BEARING BORROWED FUNDS), THERE WILL BE NO PROBLEM.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- TDS 194-T applicability
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
