How much Karta can gift to HUF which is not taxable...?
Please solve my query.
u have to define the asset whic karta wanna gift to huf for correct advise.
If we are giving it in the form of cheque...
Then refer provisons of section 56(2) and section 64 ur querry will be ans.
If Karta gives gift to the HUF through cash and HUF makes FDR the income will be considered as Karta income or HUF income.
Income on FDR will be of huf and huf shall pay tax if tax is at all payble.
It will not be clubbed.....
not at all
Is it recently amended....?
In whic finance act is has been ammended?
give me the link?
NO...I am asking you...is it amended or not.....
Jus now i hav checked section 56 (2) and section60-64 wit latest book on direct tax laws
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