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Huf gift to his co-parncers

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 August 2012 opinion on below case study ---
can HUf gift his co-parceners rs 15000,by persuading stamp duty paid on gift deed by signing the other co-parcener ?

is it attract tax liability to huf or co -parncers to its Return ?
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 August 2012 No bar on GIFT by HUF to its co parceners. (The issue could be FEMALE co parceners.)
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2012 what about the tax angle to both ?
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Amol S Joglekar

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Amol S Joglekar (Expert)
17 August 2012 income tax is not required to be paid on gift.
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