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

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

01 January 2015 No any moneytory limit per se......

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

02 January 2015 Interest is a good source for income.

If possible think of starting some business...

28 January 2015 Sir
What type of business would you suggest for HUF.

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


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