Karta saving account different from individual account?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2015
If I am Karta of HUF Company having current account HUF, as well as my personal Individual saving account in to bank, Can a person as a Karta possess his another Saving Account as a HUF karta's saving account?
17 July 2015
HUF bank account is separate from Karta's bank account and even if HUF bank account is operated by Karta of HUF on behalf of HUF, Karta can have a separate bank account as an individual just in the same way the return for HUF and Karta are filed separately.
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