Poonawalla fincorps
Poonawalla fincorps

Free taxable gift

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 September 2012 is it taxable if more than 50000.00 gift is given from
1.HUF to it's members
2.Individual to HUF
3.Individual to his parents.
kindly let me know how much can be gifted?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
04 September 2012 1. Taxable (Can Take Exemption u/s 10(2)as Share of Profit Distributed
2. Exempted
3. exempted

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