Easy Office
LCI Learning

Gift by karta to his own huf

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 April 2018 I WISH TO GIFT MY OWN HUF X AMOUNT .... CAN I DO SO WITHOUT ANY TAX PAYMENT
Avatar

Expert : Anonymous

Profile Image
Expert : Anonymous (Expert)
04 April 2018 Yes as gift to HUF is exempted.
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
13 May 2018 Although gift is exempted, but clubbing provisions will apply. Income earned by the HUF from the gift will be taxable in your hands and not in the hands of the HUF.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links