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

Follow Query

Report Abuse

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.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Overhead water tank
Wrongfully name removed from pr card
Lost property agreement need non traceable certificate
How i won a million dollars
Marriage with relative
Can society ask for additional maintenance charges
Honestly... dr. excellent spells work, his genuine
most powerful love spells that work fast and effectively
real and powerful spell that works perfectly
Honestly spells work his genuine and reliable

Vacation judge
Legal notice used for harrasment
Settlement
What is the meaning of possession (legally) of apartment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law
Dismissals due to defective legal notices
Legal notice content
Validity of legal notice.....