Huf
This query is : Resolved
11 June 2014
dear all
plz tell me how a member of huf donate/transfer/gift a immovable /movable property to huf,whether it is taxable u/s 56(2)(ii). in practice term ,
And also tell be if huf takes a home loan /loan against property after two year what point should be taken care of.
thanks/regds
ashutosh shukla
plz tell me how a member of huf donate/transfer/gift a immovable /movable property to huf,whether it is taxable u/s 56(2)(ii). in practice term ,
And also tell be if huf takes a home loan /loan against property after two year what point should be taken care of.
thanks/regds
ashutosh shukla
11 June 2014
not taxable u/s 56(2).
loan is repaid in time (installments) , pay int on dates specified and tds may be applicable u need to chekc that.
loan is repaid in time (installments) , pay int on dates specified and tds may be applicable u need to chekc that.
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