Gift from relative

[Sunil K. Jain]

The HUF received a gift on the marriage of one of its member for a sum of Rs. 2.00 lac. Will it be exempted gift to the HUF being on the marriage of one of the member ?

[rishi mohan]

Sir,

In the above case the gift  received is directly related to the member of HUF who is an individual but it can't be related to the HUF directly.

AI Summary

Gift on marriage to HUF member: treated as gift to individual, not HUF, affecting exemption. A monetary gift given on the marriage of an individual member is attributable to that individual, not to the HUF; it cannot be treated as an exempt gift to the HUF unless it is demonstrably made to or for the benefit of the HUF itself.