Poonawalla fincorps

INCOME FROM OTHER SOURCES

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(Querist)
24 March 2009 IF H.U.F RECEIVE GIFT FROM KARTA'S BROTHER IS IT TAXABLE? RELATIVE DEFINITION SHOULD BE VIEWED FROM KARTAS POINT
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
24 March 2009 yes it is taxable...

refer
http://law.incometaxindia.gov.in/TaxmannDit/DispCitation/ShowCit.aspx?fn=http://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2008ITAct/section56.htm

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