HUF can receive gifts from mother/father of its KARTA without invoking Clubbing Provision but when it will received gift then it will be taxable under section 56(2)(vii):
Finance act 2012 there has been an amendment that HUF is also relative of member of HUF here only member is covered but not relative of relative of member of HUf.
So it wil be treated as taxable gift if it exceeds Rs.50,000
Yes though no clubbing provisions will be applicable in this type of transaction entire gift will be taxable in the hands of HUF if the gift is more than Rs. 50000/-
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