Please Help: GIFT FROM INDIVIDUAL TO HUF ,AND HUF TO INDIVIDUAL
Posted Date : 16-Oct-2013 , 10:23:27 am | Posted By PRADEEP SHARMA
CAN AN INDIVIDUAL CAN TRANSFER GIFT TO HUF IT IS EXEMPT OR TAXABLE AND ALSO HUF TRANSFER GIFTS TO HUF AND INDIVIDUALS ,WHAT WILL THE TAX IMPLICATION
Category : Income Tax | Answers : 0 | Comments : 1 | Hits : 268
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Burzin R. Daruwalla & Co.
19-Oct-2013 , 10:55:47 amGift to HUF and vice versa is exempt as per provisions of Section 56(2)vi & vii of the Income Tax Act.