Is gift received from HUF by a member of HUF tax free?

1
541
gift
Print Friendly

Gift received from HUF is tax free or not was a great controversy . However,income tax tribunal, Rajkot in case of Vineetkumar Raghavjibhai Bhalodia vs ITO has held that the gift received from HUF by a member is exempt on two grounds the HUF is relative for its member Alternatively, the gift from HUF falls under…

[forgot_password]

greenblueyellow

Comments are closed.