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HUF Income

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2010 HUF received Rs. 1.5Lac/- as gift in the FY year 2009-2010. What is the amount of taxable income from the gift amount received. Will it be Rs. 1Lac or Rs. 1.5 Lacs.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
14 July 2010 Rs. 1.5 lakhs
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 July 2010 It would be full Rs. 150,000 only
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