Can a member of HUF grant interest free loan to HUF or Vice Versa without attracting any clubbing provisions?
Can a member of HUF grant interest free loan to HUF or Vice Versa without attracting any clubbing provisions?
Sir,
I dont think clubbing provisions will be attracted here as there is no transfer of asset or income......So none of the sections of clubbing can be invoked...
Shaswat initial support private limited
Ahmedabad
CS
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T R SOOD & CO
New Delhi
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
