https://www.taxtmi.com/article/detailed?id=14560 A Karta may gift HUF properties to coparceners, members or outsiders, but such gifts should be made with unanimous consent of affected coparceners and members and preferably in accordance with family tradition; gifts reduce the valuation of remaining HUF properties and alter individual coparceners' undivided interests, the donee coparcener remains a coparcener unless otherwise stated, and formalities-signed deed, acceptance, delivery, possession and witnesses-should be observed. The author contends relative-to-relative HUF gifts are tax-exempt and akin to a family settlement. en-us Tue, 03 Jun 2025 08:50:50 +0530 Tue, 03 Jun 2025 08:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14560 A Karta may gift HUF properties to coparceners, members or outsiders, but such gifts should be made with unanimous consent of affected coparceners and members and preferably in accordance with family tradition; gifts reduce the valuation of remaining HUF properties and alter individual coparceners' undivided interests, the donee coparcener remains a coparcener unless otherwise stated, and formalities-signed deed, acceptance, delivery, possession and witnesses-should be observed. The author contends relative-to-relative HUF gifts are tax-exempt and akin to a family settlement. Articles Other Topics Tue, 03 Jun 2025 08:50:50 +0530 https://www.taxtmi.com/article/detailed?id=14560