Q. Cash gifts received by HUF from his members to the extent of Rs. 75,000 will be treatedas income of: (Solved)
1. The HUF
2. The members
3. None, as it is exempt
4. Both the HUF and the members
- b. The members
1. The HUF
2. The members
3. None, as it is exempt
4. Both the HUF and the members