Tax dept can scrutinize gift transaction within HUF, so do proper paperwork

There should not be any tax implications in the hands of the HUF in providing gifts to individual members.There should be no tax implications on the drawing of interest-free loans by you from the HUF, provided it can be established as a genuine transaction Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

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A Prince Andrew interview has renewed questions about his relationship with Jeffrey Epstein

Prince Andrew in Thailand in November 2019 for an ASEAN summit. | Lillian Suwanrumpha/AFP/Getty Images Andrew rejected allegations of sexual misconduct in Epstein’s company by arguing a pizza party and an inability to sweat prove his innocence. The United Kingdom’s Prince Andrew sat for an interview with the BBC’s Emily Maitlis that aired Saturday, and attempted to explain his relationship with financier and convicted sex offender Jeffrey Epstein — but offered little in the way…

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Poll: Pete Buttigieg becomes the presidential frontrunner in Iowa

Mayor Peter Buttigieg gives a toddler a high five on the campaign trail. | Joe Raedle/Getty Images Pete Buttigieg’s is having a big moment in Iowa. But with support fluid, it remains to be seen if he can remain at the top of the field during the caucuses. The latest poll in Iowa shows South Bend, Indiana Mayor Pete Buttigieg with a resounding lead in the Democratic presidential primary for the first time. A November…

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