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Gift from huf to member - exempt?
is gift (100000)from huf to its member is taxable?
Replies (2)
Not taxable, as HUF is relative to member as per IT Act.
When interest free loan given by Kartha to his own HUF be documented?, when should it be returned, any gains received will be clubbed to Kartha individual income and taxed at Kartha slabs.
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