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Huf

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(Querist)
27 December 2013 Can HUF make gift to its members
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@VaibhavJ

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@VaibhavJ (Expert)
27 December 2013 Hi

Yes HUF can gift to its members!

Thanks//VaibhavJ
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@VaibhavJ

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@VaibhavJ (Expert)
27 December 2013 Pl refre:

http://mukeshpatel.in/save-tax-the-smart-way/huf-gifts-now-free-from-tax/


Thanks
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
27 December 2013 Yes, its amended,
HUF can Gift to its members...
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 October 2021 By the basic constitute of HUF, HUF can spend any amount on well being of family and or its members; but do not gift to its members. Though there are controversial views. but as per IT act it is taxable.

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