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Gift to HUF

This query is : Resolved 
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(Querist)
13 May 2011 What will be the consequence when a karta gives gift in cash/kind to his HUF?
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
13 May 2011 It will be taxable in the hands of HUF, if the gift exceeds the threshold limits.

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