Adding Funds to HUF

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287 Points Posted on 21 March 2021
After selling property in joint names (wife+Husband), can we transfer funds to our HUF account out of the sale proceeds ? If yes, what's the limit ?
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On 21 March 2021 at 10:16 Report
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Quick Summary
This discussion clarifies whether funds from a property sale, held jointly by a husband and wife, can be transferred to their Hindu Undivided Family (HUF) account. The consensus is that yes, this is permissible. Importantly, there is no upper limit on the amount that can be transferred, as individuals are generally allowed to contribute their own funds to an existing HUF.

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17269 Points Posted on 21 March 2021
There is no limit. Transferring own funds to existing HUF is allowed.
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On 21 March 2021 at 11:47
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Chartered Accountant
24588 Points Posted on 21 March 2021
Yes you can transfer without limit
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On 21 March 2021 at 12:35

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