Gift from huf
This query is : Resolved
25 July 2012
hi experts,
gift received from HUF, is it taxable in the hands of assessee or HUF...?
gift received from HUF, is it taxable in the hands of assessee or HUF...?
25 July 2012
HUF can not give gift to it's members. it is invalid under law.
So no tax implications under income tax Act.
So no tax implications under income tax Act.
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