Gift from huf

Poonam (CS,Mcom CA FINAL) (512 Points)

16 June 2013  

hello CCI members,

Can u please tell me whether a gift is taxable if its given from HUF to its members??

There was a recent amendment in Finance Act that gift given by members to HUF is not taxable but i am still confused whether viceversa is also not taxable...please help me with this...

 

Thanks In Advance,

Poonam