After creating HUF deed , Obtaining PAN, & Opening a bank account, initial corpus for HUF will be transferred by karta. But if he gifts then clubbing provisions will come section 64(2). But the section is silent on interest free loan to HUF by karta, which does not attract clubbing provisions. But Does that require a separate deed or shall we include that clause in HUF deed itself.
Menu
HUF creation by salaried & initial corpus taxation
Replies (1)
No need of either; bank transfer with confirmation letter is enough.
Recent Topics :
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
Related Topics :
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
