HUF: The gifts received by members from the HUF is not tax-free in the hands of the recipient member as gifts from HUF to its members is not covered in the exception provided under Section 56(2)(x)
My father's HUF wants to gift me ₹10 lakh. Will I need to pay income tax?
livemint.com - 6 Mar 2022 10:38
HUF: The gifts received by members from the HUF is not tax-free in the hands of the recipient member as gifts from HUF to its members is not covered in the exception provided under Section 56(2)(x)
Share this Article
Recommended