Gift received by Karta/Member from HUF through cheque of more than Rs. 50,000 will be taxable in the hands of Karta/Member of HUF?
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Gift received by karta/member from huf is taxable?
Replies (3)
Gift from member or karta of HUF is exempt
gift recieved from relative is exempt under section 56.
please sea who is relative, and definition of HUF
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