Can HUF pay salary to its members?
If Yes,
Please quote the section or logic behind it.
Deepak Gwalani (Student CA Final ) (32 Points)
23 September 2013Can HUF pay salary to its members?
If Yes,
Please quote the section or logic behind it.
CA and CMA Ravinder Singh
(CA and CMA)
(853 Points)
Replied 25 September 2013
here is the logic:
how an owner of a business can pay salary to itself if the entire profit is his own.....here HUF members are the owners of the business.
CAclubindia
