TaxTMI 
TaxTMI 
Gift from relative
10 Dec 2010 
1 Reply 
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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. (AI Summary)
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. (AI Summary)
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 ?