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Huf transfer
can huf transfer any amount to its member without being taxed???
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According to me member can transfer any amount to its huf but not vice versa hence TRF by huf will be taxable
Thanks
Yes , Amount recieved from HUF by its memebers are not taxable u/ s 56(2) (vii) .
It is advisable to Share every years income with Members of HUF. Sharing of HUF income exempt in the hands of Members u/s. 10(2)
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