Gift made by huf to daughter-in-law of karta

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  1. Om Goenka

    Om Goenka New Member

    If I make a gift by cheque to my daughter-in-law (wife of my son) from my HUF account of which I am Karta. Since the daughter-in-law is a member of the HUF, how it will be treated under Income tax. Whether the clubbing provisions will apply.

    Hope to get your advise at the earliest.
    (Om Goenka)
    Rahul Chintakindi likes this.
  2. shwetal oswal

    shwetal oswal New Member

    In my opinion ,HUF cannot gift anything to its member.
    And even if done , then income arising to transferee from such gifted asset would be clubed in the hands of HUF
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