BIGGER HUF CAN GAVE GIFT TO SMALLER HUF........IS IT RYT
BIGGER HUF MEANS PARENTS HUF
SMALLER HUF MEANS SONS HUF
2 Replies
Ravi Kumar Mahaur
(CA-FINAL)
(202 Points)
Replied 14 December 2012
All kinds of gifts given by a huf are taxable and it si not exempt
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