Regarding huf fund

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Amit Agarwal (Querist)
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14 April 2014 How can i use my HUF fund in my proprietorship business?

Can i increse my business capital with the help of HUF fund?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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15 April 2014 You can borrow the funds from your HUF in your proprietory business.
.
For amount exceeding Rs 20000/ you can borrow only by account payee cheque/DD.
.

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Amit Agarwal

Amit Agarwal (Querist)
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16 April 2014 It means a have to show loan entry in my propriety business. i cant increse my business capital.

Rupesh Jain

Rupesh Jain (Expert)
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19 April 2014 NO THIS IS LOAN FOR YOU AND IF YOU MAKE GIFT DEED FOR THE SAME AMOUNT THEN YOU INCREASE YOUR CAPITAL.

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