Gift to huf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 August 2011 What would be the tax implication if Father make gift to son's newly created HUF more than Rs.50000/-.Would it attract the provision of sec 64(2) & 56(2)?

CA. Anoop Gadia

CA. Anoop Gadia (Expert)
Follow

06 August 2011 Gift more than 50000/- to HUF is Taxable.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

ITR 3 filing error
Tax regime in revised return
Intraday trading in itr 3
ITR before AIS feedback
ITR 2 or ITR 3 to file ?
ARREARS INTEREST RECEIVED FROM 2011
Revise Return after due date
ITR filling for Buyback
Post office savings account in itr
ITR filing for Intraday Loss

Error while filing ITR 3 of dividend income
Rate of Tax FOR GAMING STICKERS
Regarding tax liability of GST
NRI status and tax
House property loss in ITR2
TDS on Salaried Employees-PAN Inactive or PAN Not Linked With Aadhar
Information in TDS return
Error in TDS RETURN FILLING
Capital Lost by Individual - Can this be treated as Capital Loss
Important ‐ Rectify the defect in your Return of Income

Trending Online Classes

3 Days Certification Course on Tax Audit Under Income Tax Act 1961

CA Pratibha Goyal

Enroll Now

05 August 2024
Live class on PF & ESI Enrollment & Returns Filing(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

26 July 2024
Live Course on Practical GST Filing with Expert Legal Insights

Sachin Jain

Enroll Now

26 July 2023

view all classess

Let's Talk Money: You've Worked Hard for It, Now Make It Work for You

Click here for more bestsellers

Gift to huf

Similar Resolved Queries

Trending Online Classes

Quick Links