Taxability of the amount received by the assessee from his HUF, ...

Amounts Received by Coparceners from Hindu Undivided Family Not Taxable as Gifts u/s 56(2)(vii.

March 29, 2022

Case Laws Income Tax AT

Taxability of the amount received by the assessee from his HUF, in which he is a coparcener - money received without consideration -Taxability of gift received by the assessee from his HUF u/s. 56(2)(vii) - the amount received by the assessee from its HUF is not in the nature of any sum received without consideration/gift and therefore not exigible to tax as per provisions of Section 56(2)(vii) of the Act - AT

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Taxability of the amount received by the assessee from his HUF, ...

Amounts Received by Coparceners from Hindu Undivided Family Not Taxable as Gifts u/s 56(2)(vii.

March 29, 2022

Case Laws Income Tax AT

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