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Gift from big huf to small huf

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(Querist)
14 January 2016 Is it correct that gift made by Big huf, any amount, to Small huf is exempt and not taxable and income earned on such gift becomes the income of Small huf ?
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Ankur Singhal

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Ankur Singhal (Expert)
14 January 2016 Dear Anil
A HUF can not make any gift to anyone.
Gift made by HUF is void ab initio.

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