banner_ad

INTEREST ON LOAN

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 March 2010 DEAR EXPERTS,

IF KARTA OF HUF TAKES LOAN FROM HUF IS IT MANDATORY FOR HIM TO PAY INTEREST ON SUCH LOAN. CAN HUF GIVE INTEREST FREE LOAN TO KARTA. WHAT CAN BE THE EFECT AT THE TIME OF ASSESSMENT OF HUF.

REGARDS
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
11 March 2010 The loan should not be given from borrowed funds. If own funds of the HUF are used then there will not be any problem in the above loan
Profile Image

CA Gangadhar Mishra

Profile Image

CA Gangadhar Mishra (Expert)
12 March 2010 huf can give int.free loan to karta out of surplus fund.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Querist)
12 March 2010 DEAR EXPERTS,

PLEASE GIVE ANY SECTIONAL REF OR CASE LAWS.

THANK YOU.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details