https://www.taxtmi.com/circulars?id=9461 Exemption under section 5(1)(viii) of the Gift-tax Act, 1958 is allowable when a coparcener makes a gift as an individual from HUF property, with assessment on the donor as an individual; the exemption is not available if the gift is made by the Karta on behalf of the HUF. Gift-tax Officers must assess facts and circumstances and record whether the husband acted as an individual or as Karta. Circular No. 5-D(G.T.) of 1965 is modified. en-us Tue, 24 Aug 1982 00:00:00 +0530 Mon, 06 Jun 2011 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9461 Exemption under section 5(1)(viii) of the Gift-tax Act, 1958 is allowable when a coparcener makes a gift as an individual from HUF property, with assessment on the donor as an individual; the exemption is not available if the gift is made by the Karta on behalf of the HUF. Gift-tax Officers must assess facts and circumstances and record whether the husband acted as an individual or as Karta. Circular No. 5-D(G.T.) of 1965 is modified. Circulars Income Tax Tue, 24 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9461