Our query was based on gifting the shares by HUF to its member/s or coparcener; and based on that above reply is given. There is no type error in answer, it is the summary (point no. 4) as from the liked artical.
To HUF only its memebrs are relatives, there is no concept like blood relative to HUF.
Any gift by HUF to any other person is taxable.
CAclubindia
