Can karta and / or members of HUF GIFT their personal income / property to HUF, if yes, to what extent?
regards
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Gift : Members to HUF
Replies (5)
Such gifts are within the definition of relatives and as such ----any amount or assets----- can be given as gift. it's tax exempt to Donee.
& what about donor ?
No tax on Donor.
Please further just by drafting gift deed karta can donate immovable property to HUF irrespective of value of property..
That's right
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