QUERRY REGD. GIFT BY KARTA
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2010
1) Can a karta make a gift (cash/kind) to any of his coparceners?
2) what will be its tax implication on karta and that coparcener?
2) what will be its tax implication on karta and that coparcener?
05 July 2010
if karta makes any gift to coparceners this is individual transaction hence if coparceners are relative which is obvious then it will be exempted ( it is not the transaction of huf)
06 July 2010
Agree with Mr. Gaurav
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