Son's HUF - Can mother give gift?
ASN Professionals (Business Development) (78 Points)
22 November 2012ASN Professionals (Business Development) (78 Points)
22 November 2012
CA Bijoya
(ca)
(77 Points)
Replied 23 November 2012
if d mother give gifts to sons huf then sec 64(2) n 56(2) will be attracted since concept of exempting relatives applies only in case of individuals not in case of hufs..........
ASN Professionals
(Business Development)
(78 Points)
Replied 23 November 2012
Originally posted by : bijoya | ||
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I found this section 56(2) (vii) (e) (ii) where it says that relatives applies to all members of HUF. This is recently added by Finance Bill 2012.
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CA Bijoya
(ca)
(77 Points)
Replied 23 November 2012
....k thn it may hav been a recent amendment........no idea abt it
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)