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Income of HUF

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(Querist)
26 February 2011 Can profit earned by a HUF be distributed among the members of HUF in regular course? Is there any option like withdrawal or drawings(available in partnership firm) available in HUF?
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CA Madhu Soodan Tapuriah

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CA Madhu Soodan Tapuriah (Expert)
19 March 2011 no way..........

in case of HUF,partial distribution of corpus is not recognised at all under indian income tax act. partition has to be a complete one.partial partition is no parttion.
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