Easy Office
LCI Learning

gift tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 May 2009 can huf take gift rs 50000/- in cash from non relative if yes what is the tax rate
Profile Image

CA Nitin Wadhwani

Profile Image

CA Nitin Wadhwani (Expert)
31 May 2009 There is no such concept such as "relative of HUF".
So in the context of HUF nobody is relative.
Gift upto 50,000/- from non-relatives is exempt.
Profile Image

CA. Gurdeep Singh Chawla

Profile Image

CA. Gurdeep Singh Chawla (Expert)
01 June 2009 Gift up to 50,000/- is exempt.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CMA KNVV Sri Vidya - Sri Kanth

Profile Image

CMA KNVV Sri Vidya - Sri Kanth (Expert)
01 June 2009 Gift up to 50,000/- is exempt.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links