Mr A has a HUF. The HUF gifts Mr.B a car. Mr.B is Mr A's son.
Please tell the Tax Implications of such gift.
Tanpreet Singh (articled assistant) (29 Points)
07 November 2012Mr A has a HUF. The HUF gifts Mr.B a car. Mr.B is Mr A's son.
Please tell the Tax Implications of such gift.
Saket Sinha
(Student)
(129 Points)
Replied 07 November 2012
Any gift given bu HUF is void ab initio . Huf cannot make any gift.
Tanpreet Singh
(articled assistant)
(29 Points)
Replied 07 November 2012
Could you please quote a Section or Case Law regarding the same.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"