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?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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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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