Bank loan to huf
This query is : Resolved
17 December 2011
Hello everybody.Well my knowledge regarding HUFs is not very sound and I have come across a question that why Banks don't take much interest in granting any loan to HUFs. Well is this true??? and if it is wat are the reasons behind it...?
I need help...can somebody please explain this?
Thanks.
I need help...can somebody please explain this?
Thanks.
Guest
Guest
(Expert)
17 December 2011
Since HUF credibility and creditworthiness are not very good in the market so banks are reluctant to give loans to HUF.
17 December 2011
Scope of Huf is limited. It is true that HUF is One seperate entity for income tax but overall it is nothing.
17 December 2011
agreed with experts
because HUF has artificial status in income tax act...trend of HUF start because HUF easy to form and profits exempt in the hands of members of huf.
because HUF has artificial status in income tax act...trend of HUF start because HUF easy to form and profits exempt in the hands of members of huf.
18 December 2011
ok...Thanks everybdy 4 ur valuable replies....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Invertaded duty struture
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
