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HUF Gift who can
Who can gift while Formation of HUF.
Replies (2)
- Money received by a HUF from its members.
- Money received on the occasion of the marriage of the individual.
- Money received under will/ by way of inheritance.
- Money received in contemplation of death of the payer or donor.
are tax free; all other gifts from non relatives are taxable if exceed 50K.
I am starting HUF. Now from whom I can take gift.
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