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CAN HUF GIVE GIFT TO ITS MEMBER

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(Querist)
08 December 2019 As per section 10(2), amount received out of family income, or in case of impartible estate, amount received out of income of family estate by any member of such HUF is exempt from tax.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 December 2019 Yes it's exempt from tax.

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