Gift by karta to his own huf

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 April 2018 I WISH TO GIFT MY OWN HUF X AMOUNT .... CAN I DO SO WITHOUT ANY TAX PAYMENT

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Expert : Anonymous

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Expert : Anonymous (Expert)
04 April 2018 Yes as gift to HUF is exempted.

13 May 2018 Although gift is exempted, but clubbing provisions will apply. Income earned by the HUF from the gift will be taxable in your hands and not in the hands of the HUF.




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