Gift to huf by karta

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sanjay (Querist)
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29 December 2014 Hello All
I am an accountant. I want to know whether the Karta of HUF can gift to his own HUF and to whatlimit.
How can we generate income of HUF.
Please advise.
Thanks & Regards
Sanjay

Amol S Joglekar

Amol S Joglekar (Expert)
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29 December 2014 Karta as well as any of the member can make a GIFT. In common parlour it is designated as PUTTING THE PROPERTY IN COMMON HOTCHPOT.

sanjay

sanjay (Querist)
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30 December 2014 Sir
upto what limit Karta can make gift to huf.
My second question is un-replied. Please reply.
Thanks

Amol S Joglekar

Amol S Joglekar (Expert)
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01 January 2015 No any moneytory limit per se......

As per the CAPACITY and AFFORDABILITY of Karta

sanjay

sanjay (Querist)
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02 January 2015 Sir
How can we generate income in HUF. Can we do the FD and earn interest. Any other way to generate income. Please clarify.
Thanks

Amol S Joglekar

Amol S Joglekar (Expert)
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02 January 2015 Interest is a good source for income.

If possible think of starting some business...

sanjay

sanjay (Querist)
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28 January 2015 Sir
What type of business would you suggest for HUF.

Amol S Joglekar

Amol S Joglekar (Expert)
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08 February 2015 Trading busines, (In fact any business where personal skill per se is not required)

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