doctor
87 Points
Joined September 2024
Dear Mr Dhirajlal Rambhia Can you throw some light in continuation of the HUF discussion (Gift of equities from Co Parcener to HUF and clubbing scenario) , please.
lets consider the following scenario.
Initially, as discussed, The Co Parcener gifted some shares(Equities) to the HUF as a Gift, wherein, as per the previous discussion, there was no Gift Tax but there was clubbing rule associated.
Now, after holding those Gifted shares for a period of time, If the HUF Gifts the same shares (Equities) to a. Kartas mother, or b. the Co Parcenors mother , without selling the shares, will there be any Gift Tax to anyone and More so importantly, will there be any clubbing of tax to anyone, please