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Gift

Others 681 views 11 replies

How much Karta can gift to HUF which is not taxable...?

Please solve my query.

Replies (11)

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.yes

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.yes

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 lawsyes


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