Gift received by HUF by member of HUF
This query is : Resolved
02 July 2022
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What if transferred by member himself to his HUF by cheque? Amount 10-15 lacs
What if transferred by member himself to his HUF by cheque? Amount 10-15 lacs
02 July 2022
Gifts received by HUF from its members are exempted from Income Tax under Section 56(2)(vii) of the act.
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