Easy Office
LCI Learning

Gift

This query is : Open 
Profile Image

Profile Image

(Querist)
22 July 2016 Dear Sir,

My question is that Can huf give gift or receive from its members?

what is the taxability of above transaction?
Profile Image

CA. Sunil Gokhale

Profile Image

CA. Sunil Gokhale (Expert)
24 July 2016 Yes, the gift by itself is not taxable but any taxable income earned thereon will be taxable in the hands of the transferor.

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