Hi,
My HUF has received gifts of 1.5L from my aunt and 3.5L from my Mother. Are they taxable?
Thanks
Raj
1 Replies
Vishal Goel
(Chartered Accountant)
(1693 Points)
Replied 23 February 2015
Hello,
Gift received from relatives are exempted. For HUF only its members are relative. so it will be taxable in HUF hand.
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