Taxation of huf
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 July 2011
I want to create HUF. How I can create HUF? and what income can HUF have? means only income from Investment or Income like all individual have.
25 July 2011
huf can be created only by gift received by any ancestral relative... and a deed for d same needs to be made
25 July 2011
huf can have any income except salary
CA PARAS BAFNA
(Expert)
25 July 2011
In fact, for the formation of HUF his own, one is required to get married first.
.
AT the time of marriage or thereafter he may be given a gift from his father so as to form the nucleus of the capital of the HUF.
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Business may be started in the name of the HUF.
.
HUF can not be employee, but if it enters in to a partnership firm as a partner through his karta, it may receive interest on its capital as well as remuneration as a partner also.
.
AT the time of marriage or thereafter he may be given a gift from his father so as to form the nucleus of the capital of the HUF.
.
Business may be started in the name of the HUF.
.
HUF can not be employee, but if it enters in to a partnership firm as a partner through his karta, it may receive interest on its capital as well as remuneration as a partner also.
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