hello CCI members,
Can u please tell me whether a gift is taxable if its given from HUF to its members??
There was a recent amendment in Finance Act that gift given by members to HUF is not taxable but i am still confused whether viceversa is also not taxable...please help me with this...
Thanks In Advance,
Poonam
Gift received by Members from HUF is also exempt from Tax
thanks mam!!!!! 
Jawahar and Associates Chartered Accountants
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