Huf gift to his co-parncers & its liability

pooja dedhia (Querist) 15 August 2012 This query is : Resolved
opinion on below case study ---
can HUf gift his co-parceners rs 15000,by persuading stamp duty paid on gift deed by signing the other co-parcener ?

is it attract tax liability to huf or co -parncers to its Return ?

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M V Gupta (Expert) 16 August 2012
Please frame the question properly. kartha of HUF can gift money to any member of the family on ceremonial occasions such as marriage, birth day etc.

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