Huf
This query is : Resolved
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
