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Gift received by karta/member from huf is taxable?

Tax queries 402 views 3 replies

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?

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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