Can Karta of HUF, in the capacity of individual, give property on rent to HUF to conduct the business of HUF? If yes, will the rent be allowed as deduction under the head of PGBP.
Shubham chhajed (mumbai) (54 Points)
26 April 2016Can Karta of HUF, in the capacity of individual, give property on rent to HUF to conduct the business of HUF? If yes, will the rent be allowed as deduction under the head of PGBP.
Vinay somani (CA, CS)
(Assistant Manager-Accounts)
(549 Points)
Replied 26 April 2016
Yes this is allowed.
CAclubindia
