Hi, My father wants to form an HUF along with by brother and would like to infuse his retirement fund to the HUF as a capital,
Shall it be taxable in hands of HUF, as it is a transfer from specific relative.. or shall we transfer the funds as gift from relative with out tax in hands of HUF. please suggest .
Menu
HUF - Amount Gifted By Its Member (Relative) Tax?
Replies (2)
It will not be taxable as you will be coparcener to the HUF.
No, it will not be taxable. Treat it as capital receipt.
Recent Topic
- TDS on Rent 194 QC
- GST Adjustment Entry Help Required
- In ITR1 How to choose Type of house property
- Defective return and Solution
- GST/RCM on freight — Solar EPC business R
- Return filing-aadhar and PAN no. of mentally retar
- Query on Property Transaction
- NISM Exam Fees 2026: What Costs Should Candidates
- What Should Students Look for Before Choosing a Bu
- FP&A career doubts
Related Topics
CAclubindia
