Investment through huf

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Hello Group members,

 Wanted to check if I can divert my income to generate income (Say, investment in mutual funds or equity)  to HUF and show income of investment to be part of HUF
 

Or

if I can gift every year some 2-3L to HUF out of individual salary and invest this sum and not club the investment income with my individual income

Replies (2)

u can transfer the amout to huf a/c and then it  

as tax free loan given or advance given

 

No tax hurdle for interest-free loans!

Department cannot dispute a situation where a taxpayer uses his own capital as per his desire

Clubbing of income earned from ineterst free loan
 

/experts/clubbing-of-income-earned-from-ineterst-free-loan-2275154.asp

 

Wanted to check if I can divert my income to generate income (Say, investment in mutual funds or equity)  to HUF and show income of investment to be part of HUF   

Hi,

If you give the loan as interest free to HUF than you can generate income via HUF.

Or if I can gift every year some 2-3L to HUF out of individual salary and invest this sum and not club the investment income with my individual income

If you gifting money than clubbing provision is attracted.

So please give interest free loan to huf.


CCI Pro

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