banner_ad

Gift from HUF to karta's Family

765 views 3 replies
User Avatar

article asstt.
39 Points Posted on 30 August 2019
Can a HUF give a gift (whether in cash or kind) to karta's married daughter?
if yes, whether it is exempted u/s 56?
Reply Share Follow
On 30 August 2019 at 00:08 Report
Replies (3)
User Avatar

78 Points Posted on 30 August 2019
yes it is exempt
Reply
On 30 August 2019 at 03:19
User Avatar

student
45 Points Posted on 30 August 2019
As per my opinion it is taxable under the defination of relative.
please refer "gyanchand m bardia VS ITO CASE 2018" for further reference
Reply
On 30 August 2019 at 08:26
User Avatar

17264 Points Posted on 30 August 2019
After 2005 amendment, the daughter has been recognized as a coparcener and her marital status makes no difference to her right.
101 Reply
On 30 August 2019 at 13:06


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details