Regarding hufs

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Divyesh Pithava (Querist)
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19 February 2016 Hello Friends,
Which incomes are more secured in case of HUF?

For incorporation of HUF what are the resources for collecting fund for starting it i.e Donations, loans, gifts etc.

Pls being helpful to me

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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20 February 2016 for infusing capital into HUF sources may be gifts, ancestral property, share in ancestral funds etc. But from point of view of section 64 care must be taken to ensure that HUF is not created out of money belonging to karta in his individual capacity. That is to say karta of HUF must not invest his own money or property into the common pool of HUF otherwise clubbing provisions will apply.

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Divyesh Pithava

Divyesh Pithava (Querist)
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20 February 2016 Thank you for being helpful to me

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