Regadring gift by huf to his grand son.
This query is : Resolved
CA Shyam Agarwal
(Querist)
08 June 2015
hello
i want to know that can HUF gift (land & building)to his grandson.
thank you
i want to know that can HUF gift (land & building)to his grandson.
thank you
Ankur Singhal
(Expert)
11 June 2015
According to hindu act and income tax act a HUF can not give gifts to anybody even HUF can not give gifts to its members.
Gifts given by HUF will be void ab initio.
Gifts given by HUF will be void ab initio.
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