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Tax on gift

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2016 Does the member received Monetary Gift from the HUF is taxable in the hand of Member ?
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Deepti Asawa

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Deepti Asawa (Expert)
25 January 2016 Yes ....huf not cover in relative definition
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2016 Thanks for your Reply Mem.
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
27 January 2016 As per Section 56(2)(vii)(e) relative means....(ii) in case of a Hindu undivided family, any member thereof.

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