An NRI in the UK inquired about the tax implications of gifting savings to his father's HUF. HUFs face specific tax rules under the Income Tax Act 2025, treating unconsidered gifts as taxable income, with exceptions for relatives.
Does an NRI get taxed for gifting savings to his father's HUF? Does this fall under Income from Other Sources? Explained
livemint.com - 18 Aug 2026 19:21
An NRI in the UK inquired about the tax implications of gifting savings to his father's HUF. HUFs face specific tax rules under the Income Tax Act 2025, treating unconsidered gifts as taxable income, with exceptions for relatives.
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