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Gift in cash by relative of karta to HUF

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(Querist)
06 July 2009 whether gift in cash by relative of Karta to HUf will be Taxable or exempted in the hands of HUF. Please refer any case law, circular or notification.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
06 July 2009 upto 50000 it will not be taxable

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