Can you save tax by gifting money to your HUF? How Section 99 changes the tax equation

Money or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax consequence for income generated from such property is different. This article explains why transferring self-acquired assets to an HUF does not provide the intended tax-saving benefit.

from Tax-Wealth-Economic Times https://ift.tt/ZjoSR03