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Huf transfer

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11 Points Posted on 09 June 2020
can huf transfer any amount to its member without being taxed???
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On 09 June 2020 at 22:20 Report
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133 Points Posted on 09 June 2020
According to me member can transfer any amount to its huf but not vice versa hence TRF by huf will be taxable
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On 09 June 2020 at 23:52
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11 Points Posted on 10 June 2020
Thanks
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On 10 June 2020 at 00:05
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AUDIT ASSISTANT
179 Points Posted on 10 June 2020
Yes , Amount recieved from HUF by its memebers are not taxable u/ s 56(2) (vii) .
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On 10 June 2020 at 10:54
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10 Points Posted on 16 June 2020
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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On 16 June 2020 at 21:24


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