As per sec 56(2)(x), a member can gift to huf as a relative. Can a huf gift to its members? In relative definition of individual huf is not included. Whether it is taxable or not in the hands of membe

Ashish · 16 Jun 2025

Gift either from HUF to Member or Members to HUF is not taxable. Because it covers under definition of 'relative' under section 56(2)(x)

Yash · 9 Jun 2025

Gift can be given by any person to any other person but point is we have seen defination of relative from point of view of receiver , So member in itself is an individual and relative defination of individual doesn't include huf as relative ,so any gift received by member(individual) from huf is taxable . If huf is recipient than any gift received from member is not taxable