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Gift by father to son's huf

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(Querist)
11 July 2021 Gift of more than 50000/- by father of Karta to son's HUF -is it taxable or exempt in hands of HUF?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 July 2021 It's taxable. Gift it to your son it's exempt.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
11 July 2021 There is no provision in Income Tax for exempting gift made to son's huf
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