Gifting from to huf

pooja dedhia (Querist) 13 January 2013 This query is : Resolved
can members of the huf can give gift to their own huf by Rs 60000 in cheque. or father's huf can give gift to his son by cheque of rS 60000 IN CHEQUE TO HIS SON. IS THERE a restriction or it attract the tax liability to HUF ITSEF assessee or its menbers?. please give the right expertise with supporting section

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Raj Kumar Makkad (Expert) 14 January 2013
Members of HUF cannot gift gift of their own HUF rather father's HUF can given the same to his son by way of cheque. There is no tax liability thereto in this case as the gift has been given by way of cheque.

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