HUF vis-a-vis Section 56
This query is : Resolved
Kamal Garg
(Querist)
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
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
CA Sanjeev Kr Jain
(Expert)
26 March 2010
taxable
CA Ravi Sisodia
(Expert)
26 March 2010
Yes Taxable
CA Ashok Kumar Sahu
(Expert)
27 March 2010
taxable
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