Legal opinion required.

SNEHA (aaa) (26 Points)

18 July 2013  

Legal Opinion Required.....

Status  :HUF

Querry: There is ABC (HUF).There are three generations in that HUF.Also each generation has its own HUF file.Can third generation as individual members give gift(money) to ABC(HUF).And is it exempt u/s56?

Please give your comments as soon as possible.