HUF ?

you will make HUF deed on Rs.100/- stamp include all members name in your family like wife son,daughter take signature from whome who are 18 years and above then you will open a bank a/c in huf's name then apply for pancard

from where you will introduce capital it is important if you are taking any gift then you will brought gift maximum 150000/- in this year u/s 56(2)(VI)

could u please tell me if huf gives gift to its member is this taxable in the hands of member

IF GIFT IS IN EXCESS OF RS.50000/- IN THE YEAR TEHN IT IS TAXABLE BUT IF INDIVIDUALS INCOME IS LESS THAN BASIC EXEMTION THEN  IT IS NOT TAXABLE