IF A MINOR GRAND DAUGHTER RECEIVES GIFT OF MORE THAN AMOUNT RS. 50,000 ; FROM GRANDFATHER'S HUF , IS IT TAXABLE IN HER FATHER'S HAND? IF SHE IS A MAJOR , IS IT TAXABLE IN HER HANDS?
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Taxation on gifts
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She being a member of her grandfather's HUF, can receive tax-free gifts on many occasions as part and parcel of family affairs, like birthday, mundan function etc. If major, on occassion of marriage, child birth etc.
Otherwise as minor, it will be taxed in the hands of her gardian
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