Gift
who can gift to HUF
Replies (5)
Please tell me that who is eligible for giving a gift to a Huf
An HUF can receive gifts from the members of HUF and also from other persons excluding relatives.
Gifts received from the members of HUF is not taxable but the gifts received from the persons other than relatives is taxable if it exceed Rs. 50,000/- to be shown under the head 'Income from other sources'.
So do I also agree with CA Susmita Dutta
i too agree with CA Susmita bt Subject to clubbing provision
I am agree with ca susmita Dutta but gift receive huf from huf member clubbing in tha hand of huf member
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