Huf

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CA.Ashutosh (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.