I want to gift to my daughter-in-law.
This query is : Resolved
10 June 2016
I am karta of my HUF. I have 2 sons and 2 daughter-in-laws and 3 grand children. I wish to give gift of about 2 lakhs to one of my daughter-in-law from my HUF. Can I give the gift to her. Please advise.
If cannot give gift to her from my HUF. Can I give gift to any of my grand children. Please advise.
If cannot give gift to her from my HUF. Can I give gift to any of my grand children. Please advise.
10 June 2016
Huf can not give gift more than ₹50000
Otherwise it taxable to her.
Huf is not relative of Daughter in law .
Otherwise it taxable to her.
Huf is not relative of Daughter in law .
Amol S Joglekar
(Expert)
10 June 2016
daughter in law becomes member of the HUF once she marries the son of Karta (Mitakshara school of HUF) and then gifting to member is no harm for HUF.
Message likes :
1 times
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
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Import of Capital Machine
- Capital gain on commercial property and investment in residential property
- TDS Return Statement Status
- Rent agreement of House of deceased person
- ARCA LOGIN
- Closer of business and itc of capital goods
- Rectification under processing even after 6 months cpc portal
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
