Gift received by HUF from relative

Directly sec 56 (2) will apply in ma opinion as its exceeding Rs 50,000 limit mentioned  therin.

as HUF is not an individual but it should be treated as AOP for tax purpose, so there is NO RELATIVE for HUF, gifts above 50000 should be taxed as per slab.

Agree with mr sharma gift exemption for individual only

agree with mr. sharma         

IS EXEMPT ...
SINCE HUF IS A FAMILY ...
SO ITS A RELATIVE ONLY...
HENCE ITS EXEMPT...

Absolutely taxable....would attract Sec 56(2) directly and rules made there under...

Gifts above  Rs 50000 is taxable as per slab rate.

Ya ,It is taxable & sec- 56(2) ll be apply.................

Ya ,It is taxable & sec- 56(2) will be apply.................

Whether a HUF can take loan from Karta and can further this loan be invested into Bank FDs.