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income from other source

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(Querist)
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?
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Ratan Sharma

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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.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
17 June 2009 agree with Ratan for Q-1 and as far as other question is concern MAKE IT CLEAR
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
17 June 2009 if huf gifts more than 50000 than it will be taxable as in the definition of relative huf is not covered.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
17 June 2009
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