Dear All
Up to best of my knowledge, a HUF receiving gift from any person up Rs. 50000/- in a financial year is not taxable in hand of the HUF. Pls. Confirm.
Suresh Savaliya
9987091267
Menu
Gift by father to his son's HUF
Replies (2)
absolutely, there is no restriction on the person giving the gift as long as the amount does not exceed Rs.50000/-
gift received upto Rs 50000/- is not taxable..
Recent Topics :
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
Related Topics :
CAclubindia
