Business transactions between family members
Querist : Anonymous
I explain you my Query with the help of Example,
Husband(Prop.) is the manufacturer and his wife also doing business as a proprietorship.
He regularly send the raw materials for job work to his wife with proper bills and documents and get it back after job is over.
Now he has open new trading business under the name of HUF.
Can he purchase/sales the goods from/to HUF & His wife??
All the transactions are genuine ...and authenticated.
Pls express your opinion.....
,
Querist : Anonymous
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