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Gift from huf to member - exempt?

poonam (M. COM.) (70 Points)

11 June 2021  
is gift (100000)from huf to its member is taxable?

 2 Replies

Sivaramaraju G (Learner) (2350 Points)
Replied 11 June 2021

Not taxable, as HUF is relative to member as per IT Act.

Hari Kishore (22 Points)
Replied 08 July 2021

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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