If a big amount say Rs.Fourty Lakhs are transferred to HUF from individual Bank A/c by KARTA and invested in Mutul Funds in HUF due to lack of knowledge. ITR of both Individul and HUF filled separately in A.Y. 2022-23 Advice what will Happen ? and what should be done ?
Can Member of HUF allowed to make investment in HUF for its benefit ?
CAclubindia
