How to introduce capital in Newly created HUF ?
Members can Trf. an amount to HUF account for initial Capital OR not ? OR
what r the other option ?
KIYOSH
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HUF
Replies (3)
close relatives can gift very small amounts to form initial capital.
Thanks for reply but
small amount is less than 25,000/- ? &
member of HUF can trf an amount to HUF ?
as HUF is a family account, and individual a/cs are different from it, so its beter to keep the individual accounts not in touch with HUF to avoid future litigations.
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