guf made by huf to his member.
priyankagupta (article) (361 Points)
05 February 2019
can any huf can gift sum of money exceeding 50000 to his member.taxable or not
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194791 Points)
Replied 05 February 2019
As per act its taxable; but some case laws are in favor assesses.
priyankagupta
(article)
(361 Points)
Replied 05 February 2019
can huf receive gift from member of huf
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194791 Points)
Replied 05 February 2019
Yes, without any tax liability!!
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