Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2013
can huf transfer funds to the member to buy a house property of male or female member of huf
CA Himanshu Kansal
(Expert)
29 January 2013
Yes, HUF can transfer funds to the member to buy a house property of male or female member of HUF, in that case, in the books of HUF, advance to that person stands. There is not any tax complexity involve in this.
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