Rent deed
This query is : Resolved
11 November 2014
Earlier the client was receiving some amount on account of rent of his guest house. Now he wishes to transfer the amount received into his HUF account for availing Tax Benefits.
Can he do so?
If yes then is there a need to change the Rent deed made earlier?
Can he do so?
If yes then is there a need to change the Rent deed made earlier?
Amol S Joglekar
(Expert)
11 November 2014
Does the property belong to HUF? else it would be a case of transfer of income without transfer of asset.....
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