CA
770 Points
Joined July 2008
I am also talking about drwing of money and not about share of income............i am not saying that it is necessary to give share of income of huf to every member...huf may give, at its discretion, to any particular member........in other words, If A(HUF) has four members A, B, C and D............HUF can give any amount out of its income to its any of its member say D........and that amount will not be taxable in the hands of D......
In simple words.......
Drawinf from HUF is possible subject to Sec 64.