Interest Free Loan to HUF by Karta

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344 Points Posted on 23 May 2021
Hello Experts,
Can Karta give Interest Free Loan from His Savings / Past Income to HUF for Business purpose. please suggest.
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On 23 May 2021 at 15:42 Report
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Quick Summary
This discussion addresses whether the Karta of a Hindu Undivided Family (HUF) can provide an interest-free loan to the HUF using their personal savings or past income for business purposes. The consensus is that this is permissible, with the important recommendation to conduct such transactions through official bank accounts to maintain clarity and compliance.

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tax consultant
3306 Points Posted on 23 May 2021
Yes he can
but make such advances through bank accounts
1 Reply
On 23 May 2021 at 16:59
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Chartered Accountant
24588 Points Posted on 23 May 2021
Yes loan can be given by karta to HUF
1 Reply
On 23 May 2021 at 19:16

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