HI ,
Needed help regarding HUF capital formation.
a) I have recently formed HUF PAN and bank account and had received X amount from my Father in Law as gift a week before Marriage date in my wife's account. Can I transfer that amount in MY HUF and show it as gift received at time of Marriage? .Please note HUF bank account didn't exist at that point of time.
b) Can my Mother gift my HUF amount as through gift deed?
Thanks
