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HUF vis-a-vis Section 56

This query is : Resolved 

25 March 2010 Dear Experts

Please enlighten the following query with your advice:

A HUF has received some cash gifts amounting to more than Rs. 50,000/= from the relatives of the Karta. Whether these gifts taxable or exempted

Best Regards
Kamal Garg

26 March 2010 taxable

26 March 2010 Yes Taxable




27 March 2010 taxable



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