Gift by huf to its karta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2015
RESPECTED SIR,
CAN A HUF GIVE GIFT TO ITS KARTA ?
WITH REGARDS
CAN A HUF GIVE GIFT TO ITS KARTA ?
WITH REGARDS
11 October 2015
no....it is void ab intitio
11 October 2015
HUF can give gift out of its INCOME. But gift out of its capital property is not permitted.
13 October 2015
Huf can digest the gifts but cant give..
14 October 2015
Some how that is GENERAL misunderstanding about HUF.
HUF can very well give GIFT out of its income. (But not out of its capital property)
HUF giving gift to Prime Ministers Fund and claiming deduction u/s 80G can be looked upon as good instance of gift by HUF out of its income.
HUF can very well give GIFT out of its income. (But not out of its capital property)
HUF giving gift to Prime Ministers Fund and claiming deduction u/s 80G can be looked upon as good instance of gift by HUF out of its income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- TDS RATE ON RENT PAID TO NRI
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- Invoice Numbers WROGLY ENTERED
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
