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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Receipt of Gift from HUF - income from other sources - whether ...


Gifts from Hindu Undivided Family are Taxable as 'Income from Other Sources' u/s 56(2) of Income Tax Act.

May 31, 2017

Case Laws     Income Tax     AT

Receipt of Gift from HUF - income from other sources - whether HUF comes under the term ‘group of relatives’ defined u/s 56(2)? - Held Yes - Receipt of Gift from HUF - income from other sources - whether HUF comes under the term ‘group of relatives’ defined u/s 56(2)? - AT

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