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HUF Related

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07 March 2009 Indivisual (HUF ) receive a gift from Indivisual mama means Parent brother than cover under relative

Brief HUF receive gift from Indivisual Relative

Thanks In advance
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
07 March 2009 According to Sec 56(2)(vi) Gift Received from RELATIVES is totally exempt
The Definition of Relative contain the Mama as relative & hence Exempt from Tax
The Entry which you will Find is "Brother of Mother/Father of Individual"(Entry No.g&h)
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
07 March 2009 According to Sec 56(2)(vi) Gift Received from RELATIVES is totally exempt
The Definition of Relative contain the Mama as relative & hence Exempt from Tax
The Entry which you will Find is "Brother of Mother/Father of Individual"(Entry No.g&h)
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