Menu
Huf
Is gift recd by HUF from members exempt from tax.. any amount. Gift recd frm relative of member is brother/sister or father/mother of member exempt .. any amount...?
Replies (2)
Look into
/articles/gifts-to-and-from-huf-20454.asp
Members are to be construed as relative for HUF..
It is fully exempted from tax if Gift REcd by HUF from his Member.
If Gift recd frm relative of member then same is taxable.
Recent Threads
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
- Joint Venture address proof under GST
- Leave encashment exemption limit
- Applicability of Section 194R of Income Tax Act.
Related Threads
CAclubindia
