Does the gift made by an individual to HUF is tax free?
Does the gift made by HUF to individual is tax free?
ALPESH KUMAR (SUPRITENDENT) (140 Points)
22 November 2010Does the gift made by an individual to HUF is tax free?
Does the gift made by HUF to individual is tax free?
tarandeep singh saluja
(CA FINAL)
(398 Points)
Replied 22 November 2010
It is not tax free as gift recieved in case of marriage, fromrelative, will inheritance, is exempt from tax
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