Rent to HUF
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2011
can a person can give rent to his HUF for his shop.
Shop is received by him from his parents in will.
Shop is received by him from his parents in will.
CA Sumat Singhal
(Expert)
09 June 2011
When a person join to HUF personal property of person becomes property of HUF...so it can give property on rent whether to outsider's or person..
Opinions are invited...
Opinions are invited...
CA PARAS BAFNA
(Expert)
09 June 2011
Shop is received by the individual or by the HUF of which the Individual is karta.
In the will if, shop has been given to the Individual only , then he should not show rent given to the HUF as the same will be added back in his income.
However , if shop is shown in the balance sheet of the HUF rent may be given to HUF.
Shop is received by the individual or by the HUF of which the Individual is karta.
In the will if, shop has been given to the Individual only , then he should not show rent given to the HUF as the same will be added back in his income.
However , if shop is shown in the balance sheet of the HUF rent may be given to HUF.
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