can kartha of HUF transfer money to HUF in the form of loan? if so whats the tax implication on this? will the income earned is treated under HUF or in the hands of kartha? also while repaying the loan with interest do we need to get the approval from the coparners?
Menu
Can kartha of HUF transfer money to HUF in the form of loan
Replies (1)
1. Yes.
2. No effect, unless significant amount.
3. Yes, Clubbing rule applies.
4. Depends upon the HUF deed, but in general Challengeable.
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
