Hai,
As i posted few hours back regarding the topic....my actual query is like this:
Hera a Karta is having 2 PAN nos. one as individual (as a member) another as the HUF PAN.. karta received Rs.1 crore from Individual capacity to HUF as a gift under a Deed.(i.e. from individual PAN to HUF PAN)
Whether the gift received under HUF is taxable...if yes? to which extent exemption is available.