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?
Menu
Gift from HUF to karta's Family
Replies (3)
yes it is exempt
As per my opinion it is taxable under the defination of relative.
please refer "gyanchand m bardia VS ITO CASE 2018" for further reference
please refer "gyanchand m bardia VS ITO CASE 2018" for further reference
After 2005 amendment, the daughter has been recognized as a coparcener and her marital status makes no difference to her right.
Recent Threads
- Tax Query for FY 2024-25
- ITR Offline JSON Utility not showing saved drafts
- Incometax port8 not working
- U4gm-Leveling an Amazon Build with Lightning Spear
- 44ADA income declaration
- Taxation of RSU sold of foreign listed entity by e
- Form26QB in case of death of joint owner (seller)
- Exemption of allowance
- Hardship compensation recd from builder (redevelop
- ITC CLAIM REGARDING EXPENSES
Related Threads
CAclubindia
