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 :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
