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Huf

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(Querist)
23 April 2015 Whether Karta of HUF can give gift to his HUF so that no clubbing provisions are apply on either party?
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Vineet Goyal

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Vineet Goyal (Expert)
23 April 2015 Yes. But at max INR 50,000 in an year
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Sunil

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Sunil (Expert)
23 April 2015 Now Karta of HUF is considered as a relative of the HUF so there will be no Income from other sources if in excess of 50000. However, clubbing provision will be applicable in hand of Karta Individually.

I have not checked exact law on this but in a scrutiny of a known person the interest was clubbed with individual income of Karta.
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