TMI BlogGift from HUFX X X X Extracts X X X X X X X X Extracts X X X X ..... Gift from HUF X X X X Extracts X X X X X X X X Extracts X X X X ..... by cheque to its member in his individual account. Is it allowed and NO gift tax applicable being gift to relative ? 2---Father is having HUF with son and wish to gift an amount to the HUF of his S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ON that is gift from HUF to HUF. Is it allowed and not subject to Gift tax ?
Please respond
D K Aggarwal
Reply By MARIAPPAN GOVINDARAJAN:
The Reply:
In my view it is not allowed. X X X X Extracts X X X X X X X X Extracts X X X X ..... rum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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