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Gift from HUF to karta's Family

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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?
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On 30 August 2019 at 00:08 Report
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78 Points Posted on 30 August 2019
yes it is exempt
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On 30 August 2019 at 03:19
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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
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On 30 August 2019 at 08:26
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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.
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On 30 August 2019 at 13:06


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