5 Replies
Nalin Mittal
(Article)
(37 Points)
Replied 16 February 2016
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 16 February 2016
An HUF can receive gifts from the members of HUF and also from other persons excluding relatives.
Gifts received from the members of HUF is not taxable but the gifts received from the persons other than relatives is taxable if it exceed Rs. 50,000/- to be shown under the head 'Income from other sources'.
Jayesh Rathor
(Student)
(55 Points)
Replied 16 February 2016
CA NEERAJ SHARMA
(practice)
(408 Points)
Replied 16 February 2016
i too agree with CA Susmita bt Subject to clubbing provision
gourav bansal
(student)
(23 Points)
Replied 16 February 2016
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