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GIFT FROM HUF

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(Querist)
22 July 2010 CAN I TAKE GIFT FROM HUF?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
22 July 2010 NO u cannot as the same results into partial partition of HUF and the same is not allowed in Income tax act.
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srinath

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srinath (Expert)
22 July 2010 There is nothing in IT act which prohibits u from accepting the gift except that the income wil be clubbed in the hands of HUF
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