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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Cash gifts received in cheque from relatives and blended with ...


Tax Implications of Cash Gifts in HUF Accounts: Examining Sections 56(2)(vii) and 64(2) of the Income Tax Act.

December 8, 2014

Case Laws     Income Tax     HC

Cash gifts received in cheque from relatives and blended with the HUF account - the issue raised by the appellant requires an in-depth analysis of both the provisions, viz., Section 56(2)(vii) and Section 64(2) of the Income Tax Act - HC

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