banner_ad

Gift from/to HUF

176 views 4 replies
Hey can Huf " Karta" can gift/accept the gift to/from thier HUF member ?? what is taxation on it ..??
Replies (4)
Yes, There will be no tax liability will arise if they come under the definition of relative .
So there will be no any tax liability for any amount of gift received from karta or gift to Karta
If member receives any amount from karta without there being a partial or total partition of huf, then it'll be taxable in the hands of member bcoz karta does not fall under the definition of relatives. if karta receives from members there's no tax implications
HUF receive gift from anyone. If it gives gift then it will be considered as partial partition. If self acquired property of member is transferred to HUF then income from transferred property will be clubbed in the income of such transferor.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details