income from other source
This query is : Resolved
17 June 2009
Q1. can HUF make a gift?
(a) If yes
(i) can huf make a gift to individual?
(ii)can huf make a gift to huf?
Q.2 can brother`s wife make a gift to the brother`s wife?
plz make it fast
ya ratan is right for the next Q brother`s wife can make a gift to the another`s brother`s wife?
(a) If yes
(i) can huf make a gift to individual?
(ii)can huf make a gift to huf?
Q.2 can brother`s wife make a gift to the brother`s wife?
plz make it fast
ya ratan is right for the next Q brother`s wife can make a gift to the another`s brother`s wife?
Ratan Sharma
(Expert)
17 June 2009
Hi,
HUF can make a gift to individual. Huf can also give gift to another HUF. Your 2nd question is confusing. Brothers wife can make a gift to another brothers wife.
HUF can make a gift to individual. Huf can also give gift to another HUF. Your 2nd question is confusing. Brothers wife can make a gift to another brothers wife.
Manmohan ACA, CS
(Expert)
17 June 2009
agree with Ratan for Q-1 and as far as other question is concern MAKE IT CLEAR
17 June 2009
if huf gifts more than 50000 than it will be taxable as in the definition of relative huf is not covered.
17 June 2009
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