Gift to huf by karta
This query is : Resolved
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
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
(Expert)
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.
30 December 2014
Sir
upto what limit Karta can make gift to huf.
My second question is un-replied. Please reply.
Thanks
upto what limit Karta can make gift to huf.
My second question is un-replied. Please reply.
Thanks
Amol S Joglekar
(Expert)
01 January 2015
No any moneytory limit per se......
As per the CAPACITY and AFFORDABILITY of Karta
As per the CAPACITY and AFFORDABILITY of Karta
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
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
(Expert)
02 January 2015
Interest is a good source for income.
If possible think of starting some business...
If possible think of starting some business...
Amol S Joglekar
(Expert)
08 February 2015
Trading busines, (In fact any business where personal skill per se is not required)
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