1. If HUF has any business income, shall it be taxable in the hands of karta?
2. Can any member of HUF withdraw any amount from HUF irrespective of ratio with permission of karta?
Thanks in advance
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Huf business income
Replies (2)
it's taxable in the hands of Huf as Huf us considered as a separate entity.karts being the owner of the Huf
for what purpose amount needs to be withdrawn
for what purpose amount needs to be withdrawn
Amount needs to withdrawn by a member of HUF for investment in his personal business.
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