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