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Gift from relative, Income Tax

Issue Id: - 2461
Dated: 10-12-2010
By:- Sunil K. Jain

Gift from relative


  • Contents
The HUF received a gift on the marriage of one of its member for a sum of Rs. 2.00 lac. Will it be exempted gift to the HUF being on the marriage of one of the member ?

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1 Dated: 10-12-2010
By:- rishi mohan

Sir,

In the above case the gift  received is directly related to the member of HUF who is an individual but it can't be related to the HUF directly.


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