Tax liability of huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 October 2013
An individual who is a karta of His HUF gifts Rs. 200000 to His HUF from his personal Account. What is the tax liability in the Hands of HUF?
THIS AMOUNT INVESTED IN BANK ( AS FOR FD)...16000 RECEIVED INTEREST ON FD...
WHAT IS TAX LIABILITY....
THIS AMOUNT INVESTED IN BANK ( AS FOR FD)...16000 RECEIVED INTEREST ON FD...
WHAT IS TAX LIABILITY....
06 October 2013
The gift is not taxable. With respect to interest, the clubbing provision don't apply to sums transferred to HUF. So the HUF has to pay tax on the interest on its own.
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
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- Free lancer income
- What is provisional receipt number for generation of form 16A
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
