Hello !! I want to contribute 20 to 25 lakhs to my son for Purchase of FLAT at Pune ... Till the time he finalize his flat , i wish that my son will create HUF and I will contribute to HUF and He will take deposit in name of HUF . So interest earned will be taxable as HUF and not of individual .. Whether it is advisable , or it will heat any provision of clubbing of income .. Please advise .. Also my son himself can contribute to HUF and take deposit of 20 lakhs ?
PLEASE GUIDE !!!