Huf
This query is : Resolved
06 January 2016
How to deposit capital to HUF
account if there is no source, of any other income rental income Regarded to HUF
Can karta and member's of HUF can pool a little amount of their Income to HUF
Ankur Singhal
(Expert)
06 January 2016
Strangers can make gifts but only up to Rs 50000 (Section 56).
Member/Karta of the HUF can also throw their money into the capital pool.
Transfer money by gifts etc to HUF capital keeping in view the clubbing provisions and tax on gifts under Income tax act,Remember there is no Tax on gifts in kind though they may attract clubbing provisions in some cases.
Member/Karta of the HUF can also throw their money into the capital pool.
Transfer money by gifts etc to HUF capital keeping in view the clubbing provisions and tax on gifts under Income tax act,Remember there is no Tax on gifts in kind though they may attract clubbing provisions in some cases.
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