Can HUF gift its property to the members. Say there is a bigger HUF and it wants to gift some assest to grand sons wife. Can it do so.
deepak K Gujrati (CA-practice) 23 May 2009
Can HUF gift its property to the members. Say there is a bigger HUF and it wants to gift some assest to grand sons wife. Can it do so.
Swami Sadashiva Brahmendra Sar (Nil) 23 May 2009
yes.
Ajay kumar singh (Advocate) 24 May 2009
Yes. It can.
deepak K Gujrati (CA-practice) 02 June 2009
it has been held by different courts that huf can not gift its wealth to its members.
Swami Sadashiva Brahmendra Sar (Nil) 02 June 2009
mr deepak ji ! kindly give citations if you remember.
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