Gift from huf to member - exempt?
poonam (M. COM.) (71 Points)
11 June 2021
is gift (100000)from huf to its member is taxable?
2 Replies
Sivaramaraju G
(Learner)
(2398 Points)
Replied 11 June 2021
Not taxable, as HUF is relative to member as per IT Act.
Hari Kishore
(22 Points)
Replied 08 July 2021
When interest free loan given by Kartha to his own HUF be documented?, when should it be returned, any gains received will be clubbed to Kartha individual income and taxed at Kartha slabs.
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