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Is Gift received by HUF exempt?

Tax queries 1136 views 3 replies

hello

Is the gift received by HUF exempt, please expiain this..

Replies (3)

Upto 50000/- or on specified circumstances as mentioned in S 56(2)(vi).

Ms. Indu

I agree with Mr. Rajesh kumar.But keep in mind there is a specific format of Gift Deed /declaration for HUF. If U need Pl  call me.

Surana, Chennai

9952967237

agree


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