The kartha of a HUF gifted Rs.1,00,000 to his wife . Will the interest accruing from the money be shown as Income in filing of returns by the kartha? Please clarify.
Menu
Is interest on monetary gifts to the spouse in HUF taxable?
Replies (3)
Dear Rojamai,
I have read somewhere that an HUF cannot make Gifts to its members except on partition.
So think this can be done.......
Dear Amir,
what should be done in this case then?
Dear Rojamani,
U can always show Loan from HUF..........
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
