Huf
This query is : Resolved
DINESH KUMAR
(Querist)
19 December 2011
I HAVE CREATED A HUF WHERE I AM KARTA.I & MY WIFE ARE ALSO AN ASSESSEE & HAVE A PAN NO.& FILLING THE RETURN SEPRETLY.HUF MEMBERS ARE I,MY WIFE & MY TWO SONS.WHOSE AGE IS 16-12.
NOW I WANT TO PURCHASE A PROPERTY OF RS.202 LACS IN THE NAME OF HUF.(THROUGH HUF).HOW WE CAN PURCASE?I HAVE 25 LACS SURPLUS IN MY BOOK.CAN I GIVE LOAN TO THE HUF WHERE I AM KARTA OR HOW I CAN MANAGE THE FUND IN HUF.WHAT ARE THE SOURCES TO MAKE FUND IN HUF.
NOW I WANT TO PURCHASE A PROPERTY OF RS.202 LACS IN THE NAME OF HUF.(THROUGH HUF).HOW WE CAN PURCASE?I HAVE 25 LACS SURPLUS IN MY BOOK.CAN I GIVE LOAN TO THE HUF WHERE I AM KARTA OR HOW I CAN MANAGE THE FUND IN HUF.WHAT ARE THE SOURCES TO MAKE FUND IN HUF.
CA PARAS BAFNA
(Expert)
19 December 2011
you can give loan to the HUF but generally Banks are not preferring to give loan to an HUF.
.
Still 177 lacs required ?.
How will you manage? The way out is to arrange loans from Private Parties.
.
Still 177 lacs required ?.
How will you manage? The way out is to arrange loans from Private Parties.
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