Is Gift by HUF to Its Member Tax Free?

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Can a HUF give gift of over 25,000 by cheque to one of its coparceners without attracting any gift tax liability? Will the income generated from this gift attract clubbing in the hand of HUF file? rajeevgupta7@yahoo.com Update Read http://taxworry.com/is-gift-received-from-huf-by-a-member-of-huf-tax-free/ where in ITAT Rajkot held gift from HUF is tax¬† free. The gift of Rs…

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