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deepak K Gujrati (CA-practice)     23 May 2009

Gift by HUF

 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.


 5 Replies

Swami Sadashiva Brahmendra Sar (Nil)     23 May 2009



HUF can gift but is there any taxation limit ?

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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