| Question And Answer | |
|---|---|
| Subject: | 56[2] vs partial partition HUF |
| Category: | Income-Tax |
| Querist: | BKS |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Gift, HUF, Partial partition |
| Date: | March 5, 2023 |
- giving of gifts by huf to relatives amounts to partial partition ?
- does it need order u/s 171 ?
There is no straight-jacket answer to this question. It is possible for a member/non-member of the HUF to receive gifts from the HUF without attracting section 56(2) of the Income-tax Act, 1961, However, the constitution, nature of the gift and facts of the case have to be examined. A reasonable amount paid for the education , occasion of marriage , medical expenses , order under section is not required .
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