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Gift from HUF, Income Tax

Issue Id: - 113445
Dated: 1-3-2018
Gift from HUF

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1---We have an HUF and wish to gift some an amount by cheque to its member in his individual account.

Is it allowed and NO gift tax applicable being gift to relative ?

2---Father is having HUF with son and wish to gift an amount to the HUF of his SON that is gift from HUF to HUF. Is it allowed and not subject to Gift tax ?

Please respond

D K Aggarwal

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1 Dated: 4-3-2018

In my view it is not allowed.


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