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Gift received

This query is : Resolved 
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(Querist)
05 August 2015 whether gift received by any HUF from any member is taxable
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CA John Abraham Austin ACA

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CA John Abraham Austin ACA (Expert)
05 August 2015 Not taxable as a member of HUF= a relative of HUF.
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
05 August 2015 No as definition of relatives given u/s 56(2)(vii) gift received from relatives are not liable for income tax
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