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Son's HUF - Can mother give gift?
Can a mother give gift to Son's HUF without attracting Section 64(2)and Section 56(2)? She is not the member of his HUF.
Replies (3)
if d mother give gifts to sons huf then sec 64(2) n 56(2) will be attracted since concept of exempting relatives applies only in case of individuals not in case of hufs..........
| Originally posted by : bijoya | ||
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I found this section 56(2) (vii) (e) (ii) where it says that relatives applies to all members of HUF. This is recently added by Finance Bill 2012.
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....k thn it may hav been a recent amendment........no idea abt it
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