Will HUFs Be Treated as Beneficial Owners When Shares Are in the Karta's Name?

FCS Deepak Pratap Singh , Last updated: 16 August 2025 Share Follow on Google News

Whether a Hindu Undivided Family (HUF) can be considered a "beneficial owner" of shares registered in the name of its Karta, thereby attracting provisions of Section 2(22)(e) of the Income Tax Act, 1961, in case of loans or advances from a closely held company in which the HUF has substantial intere

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About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, Myself FCS Deepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited Insolvency Examination ( IBBI) wo ... Read more

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